Inspiration Healthcare in secondary placing

Inspiration Healthcare Group has completed a placing of 7,545,453 existing ordinary shares at 55p apiece on behalf of certain directors and founding shareholders of the company.

The company says the placing - which represents 24.6% of the current issued share capital - was principally with new institutional investors and significantly broadens the shareholder base.

At 2:00pm: (LON:IHC) Inspiration Healthcare Group share price was -2p at 62.5p