IN BRIEF: Restore raises GBP40 million for debt reduction

Fri, 30th Apr 2021 17:35

Restore PLC - Redhill, England-based document management, commercial relocation and IT recycling business - Raises GBP40 million through placing of 11.0 million shares at a price of 365 pence per share.

Price reflects a discount of 5.2% to Thursday's closing price of 385p. Proceeds will go towards reduction of net debt and general working capital.

Restore now has 136.7 million shares issued overall.

Current stock price: 400.00 pence

Year-to-date change: down 3.1%

By Dayo Laniyan; dayolaniyan@alliancenews.com

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