Pires Investments Raises GBP500,000 via Premium Share Placing

By Ian Walker

Pires Investments PLC said Monday that it has raised 500,000 pounds ($609,000) via a premium share placing.

The technology investment company said it has placed 12.5 million new ordinary shares at 4 pence each, a 3.9% premium to Friday’s closing price of 3.85 pence.

“We have a clear focus of investing in next-generation technology and we have clearly demonstrated through both realizations and revaluations that we have an excellent investment portfolio with exciting prospects for growth,” Director Nicholas Lee said.

Write to Ian Walker at ian.walker@wsj.com

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