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Don't have an account? Click here to register.Bagir Group joins AIM
Tue, 15th Apr 2014 10:12
Formalwear tailor Bagir Group on Tuesday began trading on AIM on the London Stock Exchange.The company raised about £20m though the placement of 35,714,285 new shares at a placing price of 56p each.The total number of ordinary shares in issue at admission is 50,223,210, giving the group a market capitalisation of £28.1m.Proceeds will be used to repay bank loans, provide working capital and invest in the Ethiopian production facilities, IT and research and development departments. "We are pleased to have joined AIM today and this marks an important milestone in the group's 52-year history," said Chief Executive Danny Taragan. RD
More News
4 Jan 2016 09:38
Banks give slack to struggling Bagir
(ShareCast News) - Bagir Group started 2016 with renegotiated terms on its banking situation, including extensions to its current loan repayment schedule. Its two banks - Leumi Bank and Discount Bank - also agreed to waive covenant tests at both 31 December 2015 and 30 June 2016. The AIM-listed tai
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