Yesterday's close of play announcement from PEN heralds gross proceeds to the tune of £1.51m (assuming among other things completion of a meaningful Directors' Intended Subscription of £0.2m, priced at 25p (a 16% discount to the closing mid-market price on May 22nd). The new shares will represent c.12.5% of the enlarged share capital (including 3.7m placing shares), delivering net proceeds of c.£1.4m
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24 May 2024
Pennant International - Proposed £1.51m
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Pennant International - Proposed £1.51m
Pennant International Group plc (PEN:LON) | 25.5 0 0.0% | Mkt Cap: 10.8m
- Published:
24 May 2024 -
Author:
Nick Spoliar -
Pages:
4 -
Yesterday's close of play announcement from PEN heralds gross proceeds to the tune of £1.51m (assuming among other things completion of a meaningful Directors' Intended Subscription of £0.2m, priced at 25p (a 16% discount to the closing mid-market price on May 22nd). The new shares will represent c.12.5% of the enlarged share capital (including 3.7m placing shares), delivering net proceeds of c.£1.4m