Begbies Traynor Group PLC - Manchester-based corporate restructuring specialist - Raises GBP22 million gross in vendor and cash placing announced on Thursday to fund existing pipeline of opportunities and general corporate purposes. Notes the "significantly" oversubscribed placing was for 20.9 million shares at a price of 105.50 pence per share. Canaccord and Shore Capital acted as joint bookrunners in relation to the placing.
"Our recent acquisitions and organic investments position us well to deliver material growth in our 2021 to 2022 financial year," says Executive Chair Ric Traynor.
Current stock price: 110.88p, up 6.6% on Friday
Year-to-date change: up 19%
By Zoe Wickens; zoewickens@alliancenews.com
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Begbies (BEG)