Acuity RM Group Announces Successful Placing and Subscription Round Boosting Capital by £0.41 Million

In a remarkable achievement in the tech arena, Acuity RM Group Plc, a software group specialist renowned for its cybersecurity capabilities, confirms the successful closure of a placing and subscription. The firm, listed on the London Stock Exchange under the ticker ‘ACRM’, has buoyed its capital by raising an aggregate of £0.41 million.

Detailing the breakdown of the fundraising effort, the place has yielded gross proceeds of £368,571, secured through the placement of 36,857,143 new ‘Ordinary Shares’, priced at 1 pence per share. Following suit, the subscription round injected a further £42,500 into the company’s purse, through the issuance of 4,250,000 new ‘Ordinary Shares’, also fixed at the Issue Price.

Providing an intriguing aspect to this announcement is the position of the company’s directors. As Acuity RM Group is positioned in a MAR-designated closed period until the disclosure of FY24 results, directors are prevented from subscribing for new ‘Ordinary Shares’. Regardless, all directors, and business co-founder Simon Marvell, are planning to subscribe for a collective £105,000 through the issue of the Directors’ Subscription Shares, strictly adhering to the same terms as the Fundraising.

Once the FY24 results are public, application for admission of the Directors’ Subscription Shares to trading on AIM will be made by the company. In doing so, it is ample testament to the resilience of this high-grossing software security group as it masters the challenging landscape of today’s commercial world.