Simon Thompson 

Kromek equity raise worth backing

Simon Thompson

Simon Thompson

Sedgefield-based Kromek (KMK:25.5p), a radiation detection technology company focused on the medical, security and nuclear markets, has announced a placing and one-for-65 open offer, at 25p a share, to raise £19.9m net of expenses after it was awarded a massive $58m (£44m) seven-year medical imaging contract. In the past three years, Kromek has won $138m of new contracts and analysts estimate that its current order book exceeds $100m.

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