Addleshaw Goddard has advised on Venture Life Group's c. £36m conditional equity raising - the 15th PLC equity raising on which AG has advised this year. Venture Life Group, a leading developer, manufacturer and distributor of consumer self-care products, has announced it has conditionally raised gross proceeds of £34m (by way of a placing by Cenkos Securities plc to certain institutional and other investors) and is seeking to raise an additional c. £2m by way of an open offer.

AG advised Cenkos Securities as nominated adviser and broker to Venture Life Group, which is quoted on the AIM Market. The placing and open offer is conditional, among other things, on the approval of Venture Life Group's shareholders. The AG team was led by Partner Giles Distin and included Associate Chris Benjamin and others.

Giles Distin said: "We're delighted to have advised Cenkos on Venture Life Group's fundraising. Throughout this year, the London Stock Exchange has continued to provide an efficient and accessible funding line to many small and midcap listed companies. We're hoping that trend will continue."

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