Warpaint London (W7L)

582.00p
   
  • Change Today:
      2.00p
  • 52 Week High: 592.00p
  • 52 Week Low: 262.50p
  • Currency: UK Pounds
  • Shares Issued: 77.26m
  • Volume: 176,780
  • Market Cap: £449.63m

Warpaint London raises £31.5m in upsized placing

By Josh White

Date: Friday 03 May 2024

LONDON (ShareCast) - (Sharecast News) - Warpaint London concluded an upsized placing of seven million shares on Friday, raising £31.5m in a bid to broaden its shareholder base and position it for future growth.
The AIM-traded cosmetics firm said the placing, at a price of 450p per share, was originally set at six million shares when announced on Thursday.

It was subsequently increased to seven million shares during the accelerated bookbuild to accommodate high demand.

The board said the placing shares now represented 9.06% of its current issued share capital.

Post-placing, chief executive officer Samuel Bazini and managing director Eoin Macleod would retain 20.64% of the company's issued share capital each, holding 15.95 million shares, subject to a lock-up period of 12 months following completion of the placing.

Warpaint said the move aimed to increase its free float and broaden its shareholder base, positioning it for future growth opportunities.

At 0803 BST, shares in Warpaint London were down 0.52% at 475p.

Reporting by Josh White for 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.

 

W7L Market Data

Currency UK Pounds
Share Price 582.00p
Change Today 2.00p
% Change 0.34 %
52 Week High 592.00p
52 Week Low 262.50p
Volume 176,780
Shares Issued 77.26m
Market Cap £449.63m

W7L Star Ratings

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What The Brokers Say

Strong Buy 2
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 2
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W7L Dividends

  Latest Previous
  Final Interim
Ex-Div 13-Jun-24 09-Nov-23
Paid 05-Jul-24 24-Nov-23
Amount 6.00p 3.00p

Trades for 14-Jun-2024

Time Volume / Share Price
13:17 25,000 @ 578.40p
16:35 136 @ 582.00p
16:35 95 @ 582.00p
16:35 4 @ 582.00p
16:35 1 @ 582.00p

W7L Key Personnel

CEO Samuel Bazini

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