CentralNic has successfully raised £2.3m at 40p, representing a significant 16% premium to yesterday’s closing price of 34.5p. The new shares have been subscribed by a new institutional holder as well as from existing shareholders. The business continues to focus on growth, both organically and through acquisition, and the placing strengthens CentralNic’s balance sheet which will enable the company to act quickly as and when investment and M&A opportunities arise.
17 Jun 2015
£2.3m placing at a 16% premium
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£2.3m placing at a 16% premium
Team Internet Group plc (TIG:LON) | 139 -0.3 (-0.1%) | Mkt Cap: 359.3m
- Published:
17 Jun 2015 -
Author:
Bob Liao, CFA -
Pages:
2
CentralNic has successfully raised £2.3m at 40p, representing a significant 16% premium to yesterday’s closing price of 34.5p. The new shares have been subscribed by a new institutional holder as well as from existing shareholders. The business continues to focus on growth, both organically and through acquisition, and the placing strengthens CentralNic’s balance sheet which will enable the company to act quickly as and when investment and M&A opportunities arise.