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NEW YORK (GenomeWeb) – Premaitha Health said today that it plans to raise approximately £2.5 million ($3.3 million) through a fast offering of ordinary shares, a so-called accelerated bookbuild, that will proceed in two tranches. It is offering the shares at a price of 10 pence per ordinary share, which represents a discount of 19 percent to the closing price on September 27.

The first tranche of shares will be allotted on Oct. 4 and the second tranche on Oct. 25.

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