The board of Insight Business Support plc announced the closure of an offer for subscription comprising the issue of 150.0 million new ordinary shares of 1 penny each (the "Subscription Shares"), raising £3.0 million at a price of 2.0 pence per Subscription Share (the "Subscription"). The total issued share capital of the Company post this raise will be 197,525,000 ordinary shares. As a result of the completion of the Subscription In addition, Jon Pither is to step down as Non-Executive Chairman.