LONDON (Alliance News) - Ross Group PLC said Monday that it had raised GBP132,000 through the placing of 15 million new shares at 0.88 pence with GEM Global Yield Fund LLC SCS.
Ross Group said that the funds raised will be used as working capital.
Shares in the consumer electronics distributor were trading down 6.3% at 0.820 pence Monday afternoon.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
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