RE: Trading update and Fundraising17 Jun 2020 08:55
De La Rue said on Wednesday it was planning to raise around 100 million pounds ($125.74 million) in new equity and would cut jobs at its Gateshead site after the loss of its contract for printing UK passports post Brexit.
The company, which plans to close its banknote and UK passport printing operations at the Gateshead site, reported a 61% drop in adjusted operating profit to 23.7 million pounds for the year ended March 30.