Panmure Liberum acted as Nominated Adviser, Sole Bookrunner and Sole Broker on Feedback plc’s over-subscribed conditional £5.6 million fundraise

We are pleased to announce that Panmure Liberum has acted as Nominated Adviser, Sole Bookrunner and Sole Broker on a successful fundraise for Feedback plc, raising £5.6m through a placing via ABB and direct subscriptions, conditional upon a shareholder vote at the Company’s upcoming AGM on 28 November. In addition, Feedback launched a retail offer via Winterflood’s WRAP platform to raise up to a further £1m, the retail offer will close at 4:30pm on 5 November.

Feedback plc designs products that enhance clinician access to patient data and to their colleagues. The company produces a digital infrastructure that makes patient data available to clinicians in multiple settings, in a format that enables them to meaningfully interact with it, providing flexibility to clinicians and free movement of patients between provider settings - clinicians can practice from anywhere and patients can attend any care provider for treatment, with greater connectivity across organisations.
Net proceeds of the fundraise will primarily be used to (1) drive growth through the collaboration agreement announced on 19 September 2024 with a large UK primary care partner. The combined proposition would provide access to potential large recurrent pots of core funding; (2) provide funding to focus on rolling out Bleepa as a Diagnostic Enhanced Advice and Guidance platform for ICBs under the ERF to optimise the user journey and drive patient referrals from primary care; and (3) provide on-going working capital.

The Placing of new shares was via an ABB, with admission and settlement expected 29 November.

Panmure Liberum Team:

Investment Banking – Emma Earl, Mark Rogers, Freddie Wooding
Corporate Broking – Rupert Dearden, Rauf Munir
ECM – Graham Smith
Research – Julie Simmonds
Sales – David Cox
CIR – Jodi Hutchins
Legal – Rebecca Gordon, Emily Troubridge
Settlements – Glen Thielemans