We note the announcement that EU Supply (EUSP) has raised £1.35m gross through the issue of 5.15m shares at 8p (£0.41m) and £0.94m through the issue of the first tranche of convertible loan notes (10% coupon and convertible initially at 11.7p). There is potential for £2m of convertibles to be issued in total. Following today’s news and ahead of the interim results scheduled for 9 September (when we shall review our forecasts), we make no changes to our DCF-derive

27 Aug 2015
Fundraising

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EU Supply (EUSP:LON) | 0 0 (-6.0%) | Mkt Cap: 8.50m
- Published:
27 Aug 2015 -
Author:
Robert Sanders -
Pages:
2 -
We note the announcement that EU Supply (EUSP) has raised £1.35m gross through the issue of 5.15m shares at 8p (£0.41m) and £0.94m through the issue of the first tranche of convertible loan notes (10% coupon and convertible initially at 11.7p). There is potential for £2m of convertibles to be issued in total. Following today’s news and ahead of the interim results scheduled for 9 September (when we shall review our forecasts), we make no changes to our DCF-derive