LONDON, 24 April 2012 – Panmure Gordon & Co, a leading independent institutional stockbroker and investment bank, is pleased to advise that it has acted as broker to Escher Group Holdings plc (AIM: ESCH) on a placing to raise a total of £3.9m.

Escher placed 1,599,999 shares at an issue price of 245p to existing and new institutional shareholders. The proceeds will be used to fund development costs associated with addressing new opportunities in the market.

Escher is a world-leading developer provider of outsourced, point-of-service software for use in the postal industry worldwide.