LONDON (Alliance News) - Stanley Gibbons Group PLC, which deals in rare stamps, on Friday said it is "very close" to concluding the terms of a move to raise about GBP13.0 million in equity.
The collectibles seller said last week that it had seen "encouraging" interest from existing shareholders, and had previously guided to a GBP10.0 million fundraising.
In February, Stanley Gibbons issued a profit warning and said it expected to report an adjusted pretax loss of between GBP1.0 million and GBP2.0 million for the year ending March 31.
Shares in Stanley Gibbons were down 39% at 22.72 pence on Friday morning.
By Samuel Agini; samagini@alliancenews.com; @samuelagini
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