LONDON, 13 August, 2009 – Panmure Gordon & Co is pleased to announce that it has acted as sole adviser and broker to Electric Word plc on a placing of 74.5m shares at 3.625 pence per share to raise £2.7m.

Panmure Gordon’s relationships with established Venture Capital Trust (VCT) managers enabled more than £1.7m of the total amount raised to be placed with VCT funds.

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Nathaniel Webb
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About the Panmure Gordon Group

Founded in 1876, Panmure Gordon & Co (PMR.L) is a leading independent mid-cap institutional stockbroker and investment bank. Encompassing its US franchise, ThinkEquity, LLC, the Group employs approximately 250 professionals across the US, the UK and Nyon, Switzerland, offering a blend of transatlantic financial services including research, sales and trading, wealth management and asset management.