Took a small punt18 Feb 2025 13:00
Loads of retail difficulties but the major restructuring was only 9mths ago at 1p
Now 0.14p to buy
order to fund the potential Restructuring Plan and provide additional working capital for the Group, the Board has concluded, having undertaken a detailed review of the Group's financial forecasts and expected trading performance, that the Company needs to raise additional equity capital from new and existing investors via an equity raise. The Company hereby announces a firm placing ("Firm Placing"), subscription ("Subscription") and placing ("Placing") and open offer ("Open Offer") of up to, in aggregate, 1,251,292,455 new ordinary shares of 0.1 pence each in the Company ("New Ordinary Shares") at a price of 1.0 pence per new Ordinary Share ("Issue Price") to raise gross proceeds of approximately £10.5 million