STOCKMARKET WIRE – Apr 11 – Cupid has raised £12M through a placing of ordinary shares with new and existing institutional investors. Cupid said £5M was raised via a placing of ~4.5M new ordinary shares and £7M through a placing of ~6.4M existing ordinary shares held by founders Bill Dobbie and Max Polyakov (through Opalta Limited) all at 110p a piece. Following the placing, CEO Dobbie and business development director Polyakov will hold 24,7% and 23.1% respectively of the enlarged issued share capital.
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