IN BRIEF: NetScientific invests GBP1 million into Martlet Capital

NetScientific PLC - London-based investor in life sciences companies - Invests GBP1 million into ...

Alliance News 16 September, 2021 | 5:04PM
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NetScientific PLC - London-based investor in life sciences companies - Invests GBP1 million into Martlet Capital Ltd, which is looking to raise a total of GBP22 million over the next six months to fund the acquisition of a portfolio of minority interests in the Cambridge high-tech cluster.

Investment leads to initial equity interest of 6.8% in Martlet. Looking ahead, NetScientific expects to establish a follow-on funding vehicle Cambridge Marquity Investments Ltd with Martlet and Saranac Partners. Group will invest GBP100,000 into vehicle for 40% stake.

Current stock price: 115.30 pence

Year-to-date change: up sharply from 46.50p

By Dayo Laniyan; dayolaniyan@alliancenews.com

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
NetScientific PLC 66.00 GBX 0.00 -

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