Management has taken an opportunity to raise a gross £5m in an equity placing at 30p. The funding will strengthen the balance sheet and provide plenty of general working capital in an uncertain time; however, the vast majority of the cash will be used to fund continued growth in the large and lucrative N. American market. This remains an exciting and key market to exploit and the funding will allow additional sales & marketing resources for channels there and targeted improvements i
30 Mar 2020
PCI Pal - Now funded to reinforce N. American success
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PCI Pal - Now funded to reinforce N. American success
PCI-PAL PLC (PCIP:LON) | 62.5 -0.6 (-1.6%) | Mkt Cap: 45.0m
- Published:
30 Mar 2020 -
Author:
Cavendish Research -
Pages:
6
Management has taken an opportunity to raise a gross £5m in an equity placing at 30p. The funding will strengthen the balance sheet and provide plenty of general working capital in an uncertain time; however, the vast majority of the cash will be used to fund continued growth in the large and lucrative N. American market. This remains an exciting and key market to exploit and the funding will allow additional sales & marketing resources for channels there and targeted improvements i