Quick MAths27 Jun 2014 09:24
So from the finances it looks like they are dipping into their cash reserves by circa 1.1m euro's per 6months. So this £1.5m (1.9m euros) will give them total reserves of 5m euros or just over two years cash, assuming the income remains steady or grows.
Begs the question why they need the placing now and at such a discount?