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Bagir To Liquidate Due To Financial Uncertainty Amid Covid-19 Pandemic
Bagir To Liquidate Due To Financial Uncertainty Amid Covid-19 Pandemic
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Bagir Group joins AIM
Tue, 15th Apr 2014 10:12
Formalwear tailor Bagir Group on Tuesday began trading on AIM on the London Stock Exchange.The company raised about £20m though the placement of 35,714,285 new shares at a placing price of 56p each.The total number of ordinary shares in issue at admission is 50,223,210, giving the group a market capitalisation of £28.1m.Proceeds will be used to repay bank loans, provide working capital and invest in the Ethiopian production facilities, IT and research and development departments. "We are pleased to have joined AIM today and this marks an important milestone in the group's 52-year history," said Chief Executive Danny Taragan. RD
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