News & Events

12 Oct 2017

Completion of fundraise

Sphere Medical Holding Limited, an innovative point-of-care monitoring and diagnostic devices company, announces that, further to the announcement on 21 August 2017, the Investment and Cancellation process is complete.

Gross proceeds of the Investment were £5.1 million. The Company now has in issue 141,757,872 Ordinary Shares and 179,912,380 Convertible Preferred Shares. Funds managed by Woodford Investment Management Limited own 57.3% of the Company’s issued share capital and The Wales Life Sciences Investment Fund LP owns 18.8% of the Company’s issued share capital.

On 20 September 2017, the admission of the Company’s Ordinary Shares to trading on AIM was cancelled.

The Company has re-registered as a private company and changed its name from Sphere Medical Holding plc to Sphere Medical Holding Limited. The Company has also changed its registered office address to Unit 1, Ffordd Richard Davies, St Asaph Business Park, St Asaph LL17 0LJ.

The capitalised terms used in this announcement have the meaning as defined in the announcement published by the Company on 21 August 2017 unless otherwise stated.