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IN BRIEF: De La Rue Retains Expectations On Solid Contract Pipeline

Thu, 06th Aug 2020 13:53

De La Rue PLC - Basingstoke, England-based bank note printer - Tells annual general meeting that board's expectations for the current financial year ending March 31, 2021, remain unchanged. Continues to experience strong demand in Currency business and has been awarded contracts representing 100% of its available full-year banknote printing capacity for financial 2021, up from 80% at its June update. The GBP100 million equity capital raising, completed in July, will strengthen the company's balance sheet, enabling De La Rue to deliver its business turnaround plan.

Current stock price: 145.00 pence

Year-to-date change: up 11%

By Tapan Panchal; tapanpanchal@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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