Regenersis – 211p

28 March 2013 – fund raising

The group has raised £6.9m before expenses through a placing of 3.3m shares at a price of 209p.  The placing is with new and existing institutional shareholders and the fact that it has been done at such a modest discount to the underlying share price shows that demand for the stock remains strong.  We continue to rate the shares as a BUY.

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