Amphion Innovations said it said it had participated in an initial public offering of Polarean Imaging and would remain its biggest shareholder with a 23.2% stake.

Polarean intended to raise up to £3m via a conditional placement and is expected to be admitted to AIM on 29 March with a market capitalisation of at least £11m.

At 2:21pm: (LON:AMP) Amphion Innovations PLC share price was +0.05p at 1.3p