Franchise Brands has announced the successful conclusion of an equity placing at 90p raising a gross £14m for the Company. The funds will strengthen the Group’s balance sheet by eliminating net debt and establishing the business in an optimal position to effect a strong recovery post the lockdown while also allowing the Board to exploit any M&A opportunities. In the current environment, we would advise that the forecasts below are under review until an element of clarity is av
21 Apr 2020
£14m equity raise to strengthen the balance sheet
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£14m equity raise to strengthen the balance sheet
Franchise Brands plc (FRAN:LON) | 178 0 0.0% | Mkt Cap: 345.9m
- Published:
21 Apr 2020 -
Author:
Ian Jermin -
Pages:
3
Franchise Brands has announced the successful conclusion of an equity placing at 90p raising a gross £14m for the Company. The funds will strengthen the Group’s balance sheet by eliminating net debt and establishing the business in an optimal position to effect a strong recovery post the lockdown while also allowing the Board to exploit any M&A opportunities. In the current environment, we would advise that the forecasts below are under review until an element of clarity is av