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(Alliance News) - Totally PLC on Wednesday said only 74% shares were taken up by investors in a previously announced share open offer.
Totally, which provides out of hospital services, said its share open offer closed on Monday and the company received valid acceptances in respect of 7.4 million offer shares from shareholders.
Totally, as result, has raised around GBP9.74 million, lower than previously announced, from its share placing and open offer.
In May, Totally said it will acquire London-focused peer Greenbrook Healthcare for GBP11.5 million in a cash-and-shares deal, with the cash element to be funded by a share placing. The company also said it would raise GBP9.0 million through an accelerated bookbuild share placing of 90.0 million shares at 10 pence per share and a further GBP1.0 million via an open offer.
At the company's general meeting held Wednesday, shareholders approved the company's acquisition of Greenbrook Healthcare, the placing and open offer.
Shares in Totally were trading 0.7% lower at 9.93 pence each on Wednesday afternoon.
