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Pires Investments Looking To Raise Funds Amid "New Opportunities"

Fri, 24th Apr 2020 15:02

(Alliance News) - Pires Investments PLC shares soared on Friday, as the investment company said it plans to raise GBP1.1 million through a share placing.

The technology-focused investor said 22.7 million shares have been placed at 2.0 pence each, a 15% discount to its closing price on Thursday. This will raise GBP454,268.

On Friday afternoon in London, Pires was 61% higher at 3.78p.

Pires added that it has placed a further 30.3 million, raising GBP605,714. This portion of the placing is subject to shareholder approval.

"The company is now seeing an increased volume of new opportunities and therefore the board believes that it is important to have additional funds available to take advantage of these investment opportunities as they arise," Pires said.

RiverFort Global Opportunities PLC separately noted that it has agreed to subscribe for 10.8 million Pires shares in the placing, taking its holding to just shy of 23%.

Riverfort shares were flat at 0.65p each.

By Eric Cunha; ericcunha@alliancenews.com

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Tuesday 3 October
Equals Group PLC	GM re capital reduction approval
Haydale Graphene Industries PLC	GM re capital reorganisation
Wednesday 4 October
Alien Metals Ltd	AGM
Black Sea Property PLC	AGM
TheWorks.co.uk PLC	AGM
Thursday 5 October
Afentra PLC	GM re Azule acquisition
Capricorn Energy PLC	GM re return on cash to shareholders
Henderson Smaller Cos Investment Trust PLC	AGM
Novacyt SA	AGM
Sportech PLC	GM re cancellation and re-registration as PLC
Friday 6 October
Caracal Gold PLC	GM re capital raise
ECR Minerals PLC	GM re approval of subscription
Pendragon PLC	GM re UK Motor and PVM sale
Monday 9 October
JD Sports Fashion PLC	GM re buy of Iberian Sports Retail
Pires Investments PLC	AGM

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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Pires Investments swings to a loss in "testing" year for company

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27 Apr 2023 15:19

IN BRIEF: Smarttech247 boasts higher revenue in maiden interim results

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14 Dec 2022 14:36

Smarttech247 to start trading on AIM on Thursday after IPO

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23 Nov 2022 15:53

UK shareholder meetings calendar - next 7 days

Thursday 24 November
Brikor Ltd	AGM
Cloudbreak Discovery PLC	AGM
EnSilica PLC	AGM
Fiske PLC	AGM
MGC Pharmaceuticals Limited	AGM
Pacific Horizon Investment Trust PLC	AGM
Pan African Resources PLC	AGM
PZ Cussons PLC	AGM
Zanaga Iron Ore Co Ltd	AGM
Friday 25 November
600 Group PLC	GM annual report
Aveva Group PLC	GM and Court Meeting re Schenider Electric takeover offer
Base Resources Ltd	AGM
European Metals Holdings Ltd	AGM
Neometals Ltd	AGM
Quadrise Fuels International PLC	AGM
ScS Group PLC	AGM
Sylvania Platinum Ltd	AGM
Windar Photonics PLC	GM re placing of new ordinary shares
Monday 28 November
Crown Place VCT PLC	AGM
European Smaller Cos Trust PLC	AGM
JPMorgan Global Emerging Markets Income Trust PLC	AGM
PRS REIT PLC	AGM
Psych Capital PLC	AGM
Seeing Machines Ltd	AGM
Tuesday 29 November
Aura Energy Ltd	AGM
Bluefield Solar Income Fund Ltd	AGM
Castillo Copper Ltd	AGM
Challenger Energy Group PLC	AGM
CT Property Trust Ltd	AGM
Duke Royalty Ltd	AGM
Esken Ltd	EGM re borrowings approval
Mosman Oil & Gas Ltd	AGM
Wednesday 30 November
abrdn Asia Focus PLC	AGM
Atlantic Lithium Ltd	AGM
Chamberlin PLC	AGM
Coral Products PLC	GM re proposed cancellation of share premium account
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Ferguson PLC	AGM
Gabelli Merger Plus+ Trust PLC	AGM
Grit Real Estate Income Group Ltd	AGM
Leeds Group PLC	AGM
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Copyright 2022 Alliance News Limited. All Rights Reserved.

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TRADING UPDATES: Tristel ups total dividend as annual profit drops

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