By Josh White
Date: Wednesday 14 Aug 2019
(Sharecast News) - Equals Group was forced to respond to press speculation with regard to capital raise on Wednesday, confirming it was in the "advanced stages" of conducting a fundraising in the region of £14m at a price of 110p per ordinary share.
The AIM-traded firm said it would help it to accelerate organic growth, and to fund potential acquisitions.
"The directors intend to offer an additional £2m of any such fundraising to existing shareholders of the company, on a pre-emptive basis, through an open offer on the same terms," the board said in its statement.
"A further announcement on the potential fundraising will be made in due course."
Email this article to a friend
or share it with one of these popular networks:
You are here: news