Silver Bullet Data Services Group (SBDS)

Sector:

IT Services

Index:

FTSE AIM All-Share

 146.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 190.00
  • 52 Week Low: 21.50
  • Currency: UK Pounds
  • Shares Issued: 17.48m
  • Volume: 5,497
  • Market Cap: £25.51m

Silverbullet raises £4.5m to help drive sales growth

By Josh White

Date: Wednesday 01 Jun 2022

LONDON (ShareCast) - (Sharecast News) - Data service provider Silverbullet has conditionally raised £4.5m before expenses, it announced on Wednesday, to help drive sales of its '4D' product, as well as provide additional working capital.
The AIM-traded firm said the funds were raised through a placing and subscription for 2,394,000 new shares at a price of 100p each to raise £2.39m, and the issue of £2.11m of convertible loan notes.

In addition, Silverbullet said it had also granted an option to its broker Oberon Capital to facilitate up to £0.5m of potential additional demand for new shares from qualified shareholders and other qualifying investors on the same terms as the placing for up to 10 days.

The board said the fundraise, including the broker option, remained subject to shareholder approval at a forthcoming general meeting.

"I am delighted to be able to announce today a £4.5m fundraising to provide the company with additional funds to drive the growth in sales of Silverbullet's 4D product, as well as to provide additional general working capital and strengthen the company's balance sheet," said chief executive officer Ian James.

"We remain confident in the company's prospects and look forward to providing further updates on our operational progress in due course.

"It is envisaged that the broker option provides the option for existing shareholders who were not able to be contacted as part of the fundraise to take advantage of the opportunity to follow their investments in the company on the same terms."

At 1114 BST, shares in Silver Bullet Data Services Group were down 27.1% at 102.06p.

Reporting by Josh White at Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

SBDS Market Data

Currency UK Pounds
Share Price 146.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 190.00
52 Week Low 21.50
Volume 5,497
Shares Issued 17.48m
Market Cap £25.51m

SBDS Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
32.54% below the market average32.54% below the market average32.54% below the market average32.54% below the market average32.54% below the market average
1.18% below the sector average1.18% below the sector average1.18% below the sector average1.18% below the sector average1.18% below the sector average
Price Trend
79.89% above the market average79.89% above the market average79.89% above the market average79.89% above the market average79.89% above the market average
76.60% above the sector average76.60% above the sector average76.60% above the sector average76.60% above the sector average76.60% above the sector average
Income Not Available
Growth
31.40% above the market average31.40% above the market average31.40% above the market average31.40% above the market average31.40% above the market average
36.36% above the sector average36.36% above the sector average36.36% above the sector average36.36% above the sector average36.36% above the sector average

SBDS Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
15:40 3 @ 142.00p
15:01 500 @ 143.28p
14:29 1,000 @ 147.45p
13:29 965 @ 143.28p
13:16 250 @ 143.28p

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