SPARK acts as Financial and Nominated Adviser to Integumen plc

SPARK Advisory Partners Limited is pleased to announce that it has acted as financial adviser to Integumen in its acquisition of Rinocloud Limited for £3m, along with a placing and subscription to raise c£2.5m to fund business development, settle legacy creditors and meet working capital requirements. In addition, Integumen has agreed measures to convert £0.8m of debt to equity, to dispose of the Company’s subsidiary, Visible Youth (and its subsidiaries) in line with a strategic review which eliminates circa £245,000 of future liabilities, and settled a legal dispute with various creditors.