LONDON (Alliance News) - CentralNic Group PLC Wednesday said it has raised GBP2.3 million by placing 5.75 million new shares at 40 pence each, money it will use to strengthen its balance sheet so that's its better placed to potentially make "transformational" deals.
"The board of CentralNic is focussed on delivering a step change in its growth both organically and through the continuation of its proven acquisition strategy as deals are becoming available for each of the Wholesale, Retail and Enterprise business divisions within the group," it said.
CentralNic said the placing price is a premium of about 16% to its closing mid-market price of 34.5 pence on Tuesday.
The placing shares represent about 5.58% of its enlarged share capital, which will be 67.0 million shares with voting rights.
By Steve McGrath; stevemcgrath@alliancenews.com; @stevemcgrath1
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