Plant Impact
Plant Impact specialises in plant stress relief. Plant Impact provide a dynamic and uncompromising new approach to crop nutrition and crop health, giving growers significantly increased marketable yields, more consistent quality with reduced environmental impact, leading to the ethically grown food demanded by consumers and the food chain.
Plant Impact raises further £1.455 mln via placing to accelerate growth plans
Novel pesticides and plant nutritional products developer Plant Impact PLC (AIM: PIM) said it has agreed a placing of 4,850,000 new ordinary shares at 30 pence each, raising £1.455 million before expenses.
The company plans to use the money to accelerate its growth plans, and in particular to finance further development and testing of its range of nutrient products, to finance field trials and to recruit sales staff. The technical sales team will be expanded with the aim of increasing direct sales in the 15 countries where the group's products are already being sold and supporting the Arysta LifeScience Corp sales effort.
Chief executive Peter Blezard commented: “With the continuing and strong support of our current shareholders and the confidence shown in the company by new investors we will apply this growth plan fundraising to further develop the company's commercial potential. “
Other Plant Impact articles
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25/02/10 Plant Impact raises £2.1 mln to boost field trials and expand into new markets
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08/02/10 Plant Impact enters exclusive evaluation, development and distribution deal with Arysta
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03/02/10 Plant Impact reports positive results from PiNT studies by US Department of Agriculture
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01/06/09 Plant Impact licenses BugOil to Arysta Lifescience
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29/04/09 Plant Impact's CEO, Peter Blezard, talks to Proactiveinvestors
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06/01/09 Plant Impact – Lean and Green
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11/03/08 Plant Impact is growing better food
Other Plant Impact news
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16/03/10 Allenby Capital sees potential in Plant Impact
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18/01/10 Plant Impact’s INCA shortlisted for Grower of the Year Award
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06/01/10 Plant Impact COO Thompson resigns to pursue other interests
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07/12/09 Plant Impact revenues soar 330%, Equity Development maintains 60p target price
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01/12/09 Plant Impact reports more positive trial results for CaT calcium absorption aid technology
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23/10/09 Plant Impact rated ‘buy’ at Religare Hichens Harrison, price target 70 pence
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22/10/09 Plant Impact secures EU grant for nematicide development project
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28/09/09 Plant Impact triggers 1st milestone payment for BugOil under Arysta agreement
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07/09/09 Plant Impact appoints scientific advisory board to improve decision making
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13/08/09 Plant Impact joins UK's Parliamentary and Scientific Committee






