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GameAccount raises £22.2m in oversubscribed share offering

20th November 2013 12:48 pm GMT

British online gaming software provider GameAccount Network has raised £22.2m following the successful closing of an institutional placing of its shares, valuing the company at approximately £75m.

Strong institutional investor interest in the placing resulted in an offer of new shares raising £15m (€18m) for the company, together with a sale of shares by certain existing shareholders in the company amounting to £7.2m (€8.7m).

The company expects to be admitted to trading on the AIM market of [...]

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