Sopheon plc

finnCap have advised Sopheon Plc on their £3.1 placing.

Barry Mence, Executive Chairman, commented:

“As a Board we are excited about the future prospects of the Company and the opportunity to continue to deliver on our vision. Since releasing our 2017 results we have met with a number of investment houses, with the objective of expanding our institutional shareholder base. It became clear that to facilitate this, certain long-standing shareholders and management would need to make available a relatively small part of their holdings. The oversubscribed interest from the investment community for this secondary placing is very gratifying to see, and we welcome the new institutions onto the register.”