Moneyback on Petrol:
£6.59m
0.000p
5.13p
Date: Thursday 20 Dec 2007
LONDON (ShareCast) - Security blind manufacturer Eruma is to raise £500,000 through a share issue to increase its activities in the counter terrorism market.
Fund manager Majedie Investments bought around 7.1m shares in the company at 7p each. Eruma said the company would be stepping up its activity in the counter terrorism market having tested its security blind against a 1,000 pound bomb.
Chief executive Wayne Money said: “We are pleased with the progress the company has made in 2007 and are delighted that we have been able to attract Majedie to our list of shareholders as we take the company into its next phase of development.”
Eruma also announced that finance director Nigel Young will be stepping down in the New Year, as he is emigrating to Qatar.
| Currency | UK Pounds |
| Share Price | 5.13p |
| Change Today | 0.000p |
| 52 Week High | 8.00 |
| 52 Week Low | 4.38 |
| Volume | 0 |
| Shares Issued | 128.68m |
| Market Cap | £6.59m |
| RiskGrade | 220 |
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| No dividends found |