470: Vivek Dodd, CEO at Skillcast explains the Business & their Goals on their First Day as a Plc

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2+ y ago 5:54

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Vivek Dodd, CEO at Skillcast #SKL, a provider of e-learning software and content subscriptions and related professional services, explains the Business & their Goals on their first day as a Plc.

Admission to trading on AIM and first day of dealings

Skillcast Group plc (AIM: SKL), a provider of e-learning software and content subscriptions and related professional services, is pleased to announce that admission to AIM will occur, and dealings in its shares will commence, at 08.00 a.m. today, 1 December 2021 ("Admission").

Upon Admission, the Company will have a market capitalisation of £33.1 million, following a successful fundraise of £4.5 million at the placing price of 37 pence per ordinary share, comprising a placing of £3.5 million for the Company and a further £1.0 million raise on behalf of selling shareholders.

The proceeds of the Placing receivable by the Company, together with the Company's existing cash resources, will be invested in technology development to scale up the Skillcast Portal, implement client self-service, streamline the buyer journey, position the Company's subscriptions on cloud marketplaces and in content marketing to increase market penetration.

The Company's admission document is available to view from the Skillcast website, www.skillcast.com

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