K3 recently announced a Placing and Open Offer at 140p to raise £8.5 million before expenses. The Placing is subject to shareholder approval. The proceeds will be used to strengthen the Group’s balance sheet and provide additional working capital to give the management team flexibility as it makes strategic decisions (a further review of Group resources and operations was announced in May). The fundraising is also key to securing certain amendments to the terms of the Group’
21 Jun 2017
Fundraising to support new strategic decisions
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Fundraising to support new strategic decisions
K3 Business Technology Group PLC (KBT:LON) | 108 0 0.0% | Mkt Cap: 48.3m
- Published:
21 Jun 2017 -
Author:
Gareth Evans -
Pages:
8
K3 recently announced a Placing and Open Offer at 140p to raise £8.5 million before expenses. The Placing is subject to shareholder approval. The proceeds will be used to strengthen the Group’s balance sheet and provide additional working capital to give the management team flexibility as it makes strategic decisions (a further review of Group resources and operations was announced in May). The fundraising is also key to securing certain amendments to the terms of the Group’