Sescom Ltd announced a private placement of 99,900 shares at a nominal price of £1 per share for gross proceeds of £99,900 on June 26, 2020. The transaction included participation from returning investor Sescom S.A. (WSE:SES). The investor will retain its 100% stake in the company. The share capital of the company has increased from £100 to £100,000. The transaction has been approved at the general meeting of the shareholders of the company.