Travers Smith corporate partner Adrian West, senior corporate assistant Jamie Lumsden and corporate assistant Isabel Dwan have advised Benchmark Holdings plc, the international biotechnology and food chain sustainability business, in connection with its placing of 47,279,127 new ordinary shares at a price of 65 pence per share to raise approximately £30.7 million before expenses.
The proceeds of the placing are intended to be used by the company to invest in certain strategic joint ventures and capital projects.
Benchmark is an existing client of Travers Smith, whose corporate team led by Antony Foster, has acted for the company since its AIM IPO in December 2013.
Nabarro LLP advised nominated adviser and broker, Numis Securities Limited.