Expansion and acquisition plans at claims handling group Claims People are on track after the company raised £376,220 through a share issue.

Claims People issued 25,081,333 new ordinary shares at 1.5p per share to institutional investors.

The company said application had been made for the new ordinary shares, which will rank pari passu with existing ordinary shares, to be admitted to trading on the AIM Market of the London Stock Exchange.

Admission will become effective and dealings are expected to commence at 08:00 on Wednesday, 27 August 2003.

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