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KOOVFri, 06th Jul 2018 16:30
LONDON (Alliance News) - Indian online clothing retailer Koovs PLC said Friday it raised GBP10.5 million via ashare issue.
The company raised slightly more than the GBP10 million it planned to raise on Wednesday.
Koovs shares were trading 13% lower at 19.22p each.
As stated earlier on Wednesday, the shares were issued at 15 pence each.
Chairman Waheed Alli invested GBP1.5 million in the equity raise taking the total to GBP12 million.
(ShareCast News) - Mary Turner has been appointed as Koovs' new chief executive, the India-focused retailer confirmed in a statement on Tuesday. Turner, the former CEO of AlertMe.com, has been a non-executive director of the group since July 2014, will step into her new role on 1 October, the London
Read moreThe chairman of Koovs bought new shares in the Indian e-commerce fashion showing confidence in the group after warning higher costs and funding needs in a trading update. Waheed Alli bought 152,500 shares for an individual price of 65p, spending a total of £0.99m. After the transaction, the former
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