9th December 2019

Creo updates on fundraising success

Creo Medical Group has conditionally raised £50m and is proposing to raise a further £6.6m in line with the plan it outlined earlier this week.

When unveiling its fundraising plan, the Chepstow-headquartered medical device specialist said the finance would help it capitalise on opportunities presented by the emerging field of surgical endoscopy and provide a platform to explore potential strategic acquisitions.

The company has now revealed it has conditionally raised £50m before expenses by way of a firm placing and placing.

Additionally, Creo is also proposing to raise up to £6.6m by way of an open offer.

Creo was founded in 2003 and listed on AIM in 2016.