Vector Capital plc (VCAP.L) has raised £1.5m (gross) via an issue of c 3.19m new ordinary shares at 47p. The funds will be used to accelerate new marketing initiatives designed to build its profile in its target markets and add momentum to loan book growth. The sharesrepresent approximately 7.1% of the group’s enlarged share capital and were placed with new and existing investors. Management sees an ongoing strategy to broaden the investor base and improve underlying equity liquidity as fundamen ....
23 Jun 2021
Fundraising to accelerate new lending & marketing
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Fundraising to accelerate new lending & marketing
Vector Capital PLC (VCAP:LON) | 32.5 0 0.0% | Mkt Cap: 14.7m
- Published:
23 Jun 2021 -
Author:
Allenby Capital Research -
Pages:
2
Vector Capital plc (VCAP.L) has raised £1.5m (gross) via an issue of c 3.19m new ordinary shares at 47p. The funds will be used to accelerate new marketing initiatives designed to build its profile in its target markets and add momentum to loan book growth. The sharesrepresent approximately 7.1% of the group’s enlarged share capital and were placed with new and existing investors. Management sees an ongoing strategy to broaden the investor base and improve underlying equity liquidity as fundamen ....