Panmure Gordon & Co, a leading independent institutional stockbroker and investment bank, is pleased to advise that it has acted as Financial adviser, Nominated Adviser, Broker and Joint Book-runner on behalf of Horizon Discovery Group plc (HZD.L) in raising £40.1m

Horizon Discovery Group plc ("Horizon" or "the Company"), the life science company supplying research tools to organisations engaged in genomics research and the development of personalised medicines successfully placed a total of 21,096,933 Placing Shares at a Placing Price of 190 pence per Ordinary Share for a total of approximately £40.1m, consisting of 13,157,895 New Placing Shares placed by the Company and 7,939,038 Existing Placing Shares sold by certain Selling Shareholders. The New Placing Shares represent 16.4 per cent of the Existing Ordinary Shares of the Company, raising gross proceeds of approximately £25.0m (before fees and expenses) for the Company.

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