LONDON (Alliance News) - Patisserie Holdings PLC on Tuesday said Invesco Ltd now holds 7.8% interest in the cafe company after a transaction on Friday last week.
Last week, the struggling cafe chain secured shareholder backing to raise GBP15.7 million via a share issue.
The company was forced to raise new funds following revelation of a GBP20 million blackhole in its accounts due to potentially fraudulent accounting irregularities. It also separately has raised GBP20 million through loans from Executive Chairman Luke Johnson to stay afloat.
Trading in the AIM stock was suspended last month after the company revealed the hole in its accounts.