Bonhill Group PLC - London-based media company specialising in business information, events and data analytics - Launches open offer for up to 10.8 million shares at 5.5 pence per share, in order to raise around GBP600,000.
Company is also looking to raise the same amount through a conditional placing through the issue of the same amount of shares at the same price as the open offer.
Offer reflects a discount of 4.5% to Bonhill's closing price on Friday at 5.73p.
Proceeds from the fundraise will go towards working capital purposes.
Current stock price: 5.65 pence
12-month change: down 64%
By Dayo Laniyan; dayolaniyan@alliancenews.com
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