{"id":1271,"date":"2017-01-25T00:00:00","date_gmt":"2017-01-25T00:00:00","guid":{"rendered":"https:\/\/www.techsparx.co.uk\/north\/uncategorized\/durham-firm-kromek-raise-21m-share-placing\/"},"modified":"2025-02-28T14:37:51","modified_gmt":"2025-02-28T14:37:51","slug":"durham-firm-kromek-raise-21m-share-placing","status":"publish","type":"post","link":"https:\/\/www.techsparx.co.uk\/north\/durham-firm-kromek-raise-21m-share-placing\/","title":{"rendered":"Durham firm Kromek to raise \u00a321m through share placing"},"content":{"rendered":"<p>County Durham radiation detection technology firm Kromek has announced its plans to raise \u00a321m through a share placing, which will allow the company to strengthen its balance sheet.<\/p>\n<p>The Sedgefield-based business, which focuses on developing tech that can be used in the medical, security and nuclear markets.<\/p>\n<p>The share sale \u2013 consisting of a firm placing and an open offer with new and existing institutional investors in the company \u2013 has been over-subscribed, the firm announced on the stock market.<\/p>\n<p>Sir Peter Williams, chairman of Kromek, commented: \u201cWe are pleased with the support shown by our current shareholders and we welcome new blue-chip institutions to our register.<\/p>\n<p>\u201cThe present fundraising will considerably strengthen our balance sheet, underpinning our plans for the sustained growth of the business and supporting increasing commercial activity through the deployment of our proprietary technology.\u201d<\/p>\n<aside class=\"read-more-links\">Kromek saw its revenues grow by 2.5% for the 2015\/16 financial year, from \u00a38.1m to \u00a38.3m. Product sales drove the business and accounted for 65% of the firm\u2019s total turnover.<\/aside>\n<p>The share sale will see a firm placing of 100m ordinary shares at the offer price of 20p per ordinary share.<\/p>\n<p>Investors who already own shares in the business will be able to access an open offer, which allows one new ordinary share to be purchased for every 30 already owned. There will be 5,129,536 offer shares available on at 20p each.<\/p>\n<p>Mr Williams added: \u201cKromek has made good progress this year, in which we achieved a number of important operational targets, enlarging our customer base and strengthening our relationship with our OEM partners.<\/p>\n<p>\u201cThis resulted in significant contract wins over the past 18 months which have given us forward visibility over revenues in excess of 85% of market expectations for the current year.<\/p>\n<p>\u201cThe board has great confidence in the future of Kromek and recommends all shareholders to vote in favour of the proposals, which we believe will allow us to deliver increased value to our investors.\u201d<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>County Durham radiation detection technology firm Kromek has announced its plans to raise \u00a321m through a share placing, which will allow the company to strengthen its balance sheet. The Sedgefield-based business, which focuses on developing tech that can be used in the medical, security and nuclear markets. The share sale \u2013 consisting of a firm [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1272,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,21,24],"tags":[75,106,121,158],"class_list":["post-1271","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-innovation","category-m2miot","category-security","tag-durham","tag-innovation","tag-m2miot","tag-security"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Durham firm Kromek to raise \u00a321m through share placing - Regional technology news - North - TechSparx - Business technology stories in the North<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.techsparx.co.uk\/north\/durham-firm-kromek-raise-21m-share-placing\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Durham firm Kromek to raise \u00a321m through share placing - Regional technology news - North - TechSparx - Business technology stories in the North\" \/>\n<meta property=\"og:description\" content=\"County Durham radiation detection technology firm Kromek has announced its plans to raise \u00a321m through a share placing, which will allow the company to strengthen its balance sheet. The Sedgefield-based business, which focuses on developing tech that can be used in the medical, security and nuclear markets. The share sale \u2013 consisting of a firm [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.techsparx.co.uk\/north\/durham-firm-kromek-raise-21m-share-placing\/\" \/>\n<meta property=\"og:site_name\" content=\"Regional technology news - North - TechSparx - Business technology stories in the North\" \/>\n<meta property=\"article:published_time\" content=\"2017-01-25T00:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-28T14:37:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.techsparx.co.uk\/north\/wp-content\/uploads\/2025\/02\/JS73251705.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"615\" \/>\n\t<meta property=\"og:image:height\" content=\"409\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Editorial Team\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Editorial Team\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.techsparx.co.uk\/north\/durham-firm-kromek-raise-21m-share-placing\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.techsparx.co.uk\/north\/durham-firm-kromek-raise-21m-share-placing\/\"},\"author\":{\"name\":\"Editorial Team\",\"@id\":\"https:\/\/www.techsparx.co.uk\/north\/#\/schema\/person\/a67e7f1ec4654ee30ec6c9c2899a146e\"},\"headline\":\"Durham firm Kromek to raise \u00a321m through share placing\",\"datePublished\":\"2017-01-25T00:00:00+00:00\",\"dateModified\":\"2025-02-28T14:37:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.techsparx.co.uk\/north\/durham-firm-kromek-raise-21m-share-placing\/\"},\"wordCount\":328,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.techsparx.co.uk\/north\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.techsparx.co.uk\/north\/durham-firm-kromek-raise-21m-share-placing\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.techsparx.co.uk\/north\/wp-content\/uploads\/2025\/02\/JS73251705.jpg\",\"keywords\":[\"Durham\",\"Innovation\",\"M2M\/Iot\",\"security\"],\"articleSection\":[\"Innovation\",\"M2M\/IoT\",\"Security\"],\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.techsparx.co.uk\/north\/durham-firm-kromek-raise-21m-share-placing\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.techsparx.co.uk\/north\/durham-firm-kromek-raise-21m-share-placing\/\",\"url\":\"https:\/\/www.techsparx.co.uk\/north\/durham-firm-kromek-raise-21m-share-placing\/\",\"name\":\"Durham firm Kromek to raise \u00a321m through share placing - Regional technology news - North - TechSparx - Business technology stories in the North\",\"isPartOf\":{\"@id\":\"https:\/\/www.techsparx.co.uk\/north\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.techsparx.co.uk\/north\/durham-firm-kromek-raise-21m-share-placing\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.techsparx.co.uk\/north\/durham-firm-kromek-raise-21m-share-placing\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.techsparx.co.uk\/north\/wp-content\/uploads\/2025\/02\/JS73251705.jpg\",\"datePublished\":\"2017-01-25T00:00:00+00:00\",\"dateModified\":\"2025-02-28T14:37:51+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.techsparx.co.uk\/north\/durham-firm-kromek-raise-21m-share-placing\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.techsparx.co.uk\/north\/durham-firm-kromek-raise-21m-share-placing\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/www.techsparx.co.uk\/north\/durham-firm-kromek-raise-21m-share-placing\/#primaryimage\",\"url\":\"https:\/\/www.techsparx.co.uk\/north\/wp-content\/uploads\/2025\/02\/JS73251705.jpg\",\"contentUrl\":\"https:\/\/www.techsparx.co.uk\/north\/wp-content\/uploads\/2025\/02\/JS73251705.jpg\",\"width\":615,\"height\":409,\"caption\":\"Durham firm Kromek to raise \u00a321m through share placing\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.techsparx.co.uk\/north\/durham-firm-kromek-raise-21m-share-placing\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.techsparx.co.uk\/north\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Durham firm Kromek to raise \u00a321m through share placing\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.techsparx.co.uk\/north\/#website\",\"url\":\"https:\/\/www.techsparx.co.uk\/north\/\",\"name\":\"Regional technology news - North - TechSparx - Business technology stories in the North\",\"description\":\"Regional technology news - Midlands, North, North - TechSparx\",\"publisher\":{\"@id\":\"https:\/\/www.techsparx.co.uk\/north\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.techsparx.co.uk\/north\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.techsparx.co.uk\/north\/#organization\",\"name\":\"Regional technology news - North - TechSparx - Business technology stories in the North\",\"url\":\"https:\/\/www.techsparx.co.uk\/north\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/www.techsparx.co.uk\/north\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.techsparx.co.uk\/north\/wp-content\/uploads\/2025\/02\/cropped-Techsparx-LOGO.png\",\"contentUrl\":\"https:\/\/www.techsparx.co.uk\/north\/wp-content\/uploads\/2025\/02\/cropped-Techsparx-LOGO.png\",\"width\":248,\"height\":80,\"caption\":\"Regional technology news - North - TechSparx - Business technology stories in the North\"},\"image\":{\"@id\":\"https:\/\/www.techsparx.co.uk\/north\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.techsparx.co.uk\/north\/#\/schema\/person\/a67e7f1ec4654ee30ec6c9c2899a146e\",\"name\":\"Editorial Team\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/www.techsparx.co.uk\/north\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/a63569d021e9997d4c4afa07a6940d5ec03d13725a97de06aace006fa15ebe5e?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/a63569d021e9997d4c4afa07a6940d5ec03d13725a97de06aace006fa15ebe5e?s=96&d=mm&r=g\",\"caption\":\"Editorial Team\"},\"sameAs\":[\"https:\/\/www.techsparx.co.uk\/north\"],\"url\":\"https:\/\/www.techsparx.co.uk\/north\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Durham firm Kromek to raise \u00a321m through share placing - Regional technology news - North - TechSparx - Business technology stories in the North","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.techsparx.co.uk\/north\/durham-firm-kromek-raise-21m-share-placing\/","og_locale":"en_GB","og_type":"article","og_title":"Durham firm Kromek to raise \u00a321m through share placing - Regional technology news - North - TechSparx - Business technology stories in the North","og_description":"County Durham radiation detection technology firm Kromek has announced its plans to raise \u00a321m through a share placing, which will allow the company to strengthen its balance sheet. The Sedgefield-based business, which focuses on developing tech that can be used in the medical, security and nuclear markets. The share sale \u2013 consisting of a firm [&hellip;]","og_url":"https:\/\/www.techsparx.co.uk\/north\/durham-firm-kromek-raise-21m-share-placing\/","og_site_name":"Regional technology news - North - TechSparx - Business technology stories in the North","article_published_time":"2017-01-25T00:00:00+00:00","article_modified_time":"2025-02-28T14:37:51+00:00","og_image":[{"width":615,"height":409,"url":"https:\/\/www.techsparx.co.uk\/north\/wp-content\/uploads\/2025\/02\/JS73251705.jpg","type":"image\/webp"}],"author":"Editorial Team","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Editorial Team","Estimated reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.techsparx.co.uk\/north\/durham-firm-kromek-raise-21m-share-placing\/#article","isPartOf":{"@id":"https:\/\/www.techsparx.co.uk\/north\/durham-firm-kromek-raise-21m-share-placing\/"},"author":{"name":"Editorial Team","@id":"https:\/\/www.techsparx.co.uk\/north\/#\/schema\/person\/a67e7f1ec4654ee30ec6c9c2899a146e"},"headline":"Durham firm Kromek to raise \u00a321m through share placing","datePublished":"2017-01-25T00:00:00+00:00","dateModified":"2025-02-28T14:37:51+00:00","mainEntityOfPage":{"@id":"https:\/\/www.techsparx.co.uk\/north\/durham-firm-kromek-raise-21m-share-placing\/"},"wordCount":328,"commentCount":0,"publisher":{"@id":"https:\/\/www.techsparx.co.uk\/north\/#organization"},"image":{"@id":"https:\/\/www.techsparx.co.uk\/north\/durham-firm-kromek-raise-21m-share-placing\/#primaryimage"},"thumbnailUrl":"https:\/\/www.techsparx.co.uk\/north\/wp-content\/uploads\/2025\/02\/JS73251705.jpg","keywords":["Durham","Innovation","M2M\/Iot","security"],"articleSection":["Innovation","M2M\/IoT","Security"],"inLanguage":"en-GB","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.techsparx.co.uk\/north\/durham-firm-kromek-raise-21m-share-placing\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.techsparx.co.uk\/north\/durham-firm-kromek-raise-21m-share-placing\/","url":"https:\/\/www.techsparx.co.uk\/north\/durham-firm-kromek-raise-21m-share-placing\/","name":"Durham firm Kromek to raise \u00a321m through share placing - Regional technology news - North - TechSparx - Business technology stories in the North","isPartOf":{"@id":"https:\/\/www.techsparx.co.uk\/north\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.techsparx.co.uk\/north\/durham-firm-kromek-raise-21m-share-placing\/#primaryimage"},"image":{"@id":"https:\/\/www.techsparx.co.uk\/north\/durham-firm-kromek-raise-21m-share-placing\/#primaryimage"},"thumbnailUrl":"https:\/\/www.techsparx.co.uk\/north\/wp-content\/uploads\/2025\/02\/JS73251705.jpg","datePublished":"2017-01-25T00:00:00+00:00","dateModified":"2025-02-28T14:37:51+00:00","breadcrumb":{"@id":"https:\/\/www.techsparx.co.uk\/north\/durham-firm-kromek-raise-21m-share-placing\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.techsparx.co.uk\/north\/durham-firm-kromek-raise-21m-share-placing\/"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.techsparx.co.uk\/north\/durham-firm-kromek-raise-21m-share-placing\/#primaryimage","url":"https:\/\/www.techsparx.co.uk\/north\/wp-content\/uploads\/2025\/02\/JS73251705.jpg","contentUrl":"https:\/\/www.techsparx.co.uk\/north\/wp-content\/uploads\/2025\/02\/JS73251705.jpg","width":615,"height":409,"caption":"Durham firm Kromek to raise \u00a321m through share placing"},{"@type":"BreadcrumbList","@id":"https:\/\/www.techsparx.co.uk\/north\/durham-firm-kromek-raise-21m-share-placing\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.techsparx.co.uk\/north\/"},{"@type":"ListItem","position":2,"name":"Durham firm Kromek to raise \u00a321m through share placing"}]},{"@type":"WebSite","@id":"https:\/\/www.techsparx.co.uk\/north\/#website","url":"https:\/\/www.techsparx.co.uk\/north\/","name":"Regional technology news - North - TechSparx - Business technology stories in the North","description":"Regional technology news - Midlands, North, North - TechSparx","publisher":{"@id":"https:\/\/www.techsparx.co.uk\/north\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.techsparx.co.uk\/north\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/www.techsparx.co.uk\/north\/#organization","name":"Regional technology news - North - TechSparx - Business technology stories in the North","url":"https:\/\/www.techsparx.co.uk\/north\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.techsparx.co.uk\/north\/#\/schema\/logo\/image\/","url":"https:\/\/www.techsparx.co.uk\/north\/wp-content\/uploads\/2025\/02\/cropped-Techsparx-LOGO.png","contentUrl":"https:\/\/www.techsparx.co.uk\/north\/wp-content\/uploads\/2025\/02\/cropped-Techsparx-LOGO.png","width":248,"height":80,"caption":"Regional technology news - North - TechSparx - Business technology stories in the North"},"image":{"@id":"https:\/\/www.techsparx.co.uk\/north\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/www.techsparx.co.uk\/north\/#\/schema\/person\/a67e7f1ec4654ee30ec6c9c2899a146e","name":"Editorial Team","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.techsparx.co.uk\/north\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/a63569d021e9997d4c4afa07a6940d5ec03d13725a97de06aace006fa15ebe5e?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a63569d021e9997d4c4afa07a6940d5ec03d13725a97de06aace006fa15ebe5e?s=96&d=mm&r=g","caption":"Editorial Team"},"sameAs":["https:\/\/www.techsparx.co.uk\/north"],"url":"https:\/\/www.techsparx.co.uk\/north\/author\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/www.techsparx.co.uk\/north\/wp-json\/wp\/v2\/posts\/1271","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.techsparx.co.uk\/north\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.techsparx.co.uk\/north\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.techsparx.co.uk\/north\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.techsparx.co.uk\/north\/wp-json\/wp\/v2\/comments?post=1271"}],"version-history":[{"count":1,"href":"https:\/\/www.techsparx.co.uk\/north\/wp-json\/wp\/v2\/posts\/1271\/revisions"}],"predecessor-version":[{"id":3598,"href":"https:\/\/www.techsparx.co.uk\/north\/wp-json\/wp\/v2\/posts\/1271\/revisions\/3598"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.techsparx.co.uk\/north\/wp-json\/wp\/v2\/media\/1272"}],"wp:attachment":[{"href":"https:\/\/www.techsparx.co.uk\/north\/wp-json\/wp\/v2\/media?parent=1271"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.techsparx.co.uk\/north\/wp-json\/wp\/v2\/categories?post=1271"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.techsparx.co.uk\/north\/wp-json\/wp\/v2\/tags?post=1271"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}