LONDON (Alliance News) - Alpha FX Group PLC on Wednesday said it intends to raise GBP20 million through a share placing to capitalise on current growth opportunities.
The foreign exchange service provider said the placing will be conducted by an accelerated bookbuild with Liberum Capital Ltd acting as a sole bookrunner.
Alpha FX said it will place shares at 620 pence each. The stock was trading 1.6% lower on the day Wednesday at 630.00p per share.
The company said the fundraising will enable the expansion of its forward book, enabling a "significant" increase in the number of FX transactions it can enter into.
