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Norcon Placing Announcement

Wednesday, 24 March 2010 01:00

Norcon plc has completed a placing of new ordinary shares ("Placing") with existing and new investors to raise approximately £4.5 million, before expenses:

Norcon are very pleased to have completed our Placing. This provides us with additional working capital with which to pursue new client engagements and also serves as a vote of confidence from investors in our strategy. The Placing, in line with our stated commitments, increases free float and trading liquidity in Norcon shares.