LightwaveRF Plc (AIM: LWRF)

Fundraising and Directorate Changes

LightwaveRF plc ("LightwaveRF" or the "Company"), the creator of the LightwaveRF Smart Home Platform and products for the Internet of Things enabling households and businesses to remotely operate and controllighting, power, heating and security using smartphones, tablets, PC and MAC applications, today announces a placing and subscription of 6,275,375 New Ordinary Shares at a price of 23 pence per share to raise approximately £1.44 million before expenses ("the Fundraising"). The Fundraising was conducted by WH Ireland and Committed Capital.

Mayfair’s Committed Capital completes investment into AIM-listed smart home technology provider

Growth capital investment business, Committed Capital has completed its investment into AIM-listed affordable smart home technology provider, LightwaveRF plc.

The total investment LightwaveRF plc was seeking was £1.5m, of which the Mayfair-based company has invested £1.1m.

Firing Line: Lee Hartley

Starting up a new advisory business at the height of the financial crisis would be considered by many to be a baptism of fire.

But for Fairstone Group chief executive Lee Hartley, the erratic and uncertain financial backdrop presented an opportunity to prove the strength of his technology-centred business proposition. 

IFA space ripe for EIS investment: Committed Capital

Steve Harris, the chief executive of London-based investment managers Committed Capital, has said he is investing EIS funds into the financial advice sector.

He said the regulatory changes which have taken place in the financial advice space have made it a “fascinating” area for investment.