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IN BRIEF: Pelatro raises GBP1.2 million through PrimaryBid offer

Tue, 15th Jun 2021 21:14

Pelatro PLC - London-based marketing software specialist - Closes PrimaryBid offer, raises GBP1.2 million through the issue of 3.0 million shares at a price of 40 pence per share.

On Tuesday, announced plans to raise GBP2.2 million through placing, the proceeds of which will go towards sales and marketing, as well as strengthening the company's balance sheet, including the repayment of debt.

Current stock price: 43.00 pence, down 18%

Year-to-date change: up 13%

By Dayo Laniyan; dayolaniyan@alliancenews.com

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