IN BRIEF: Caledonian Holdings seeks to double size with equity raise
Caledonian Holdings PLC - Edinburgh-based investor in financial services sector - Calls a general meeting for August 6 to approve its share placing. Caledonian on Tuesday last week said it intends to raise GBP1.1 million before expenses through the placing of nearly 30 billion new shares at 0.0035 pence per share. The placing, run by broker Peterhouse Capital Ltd, will nearly double Caledonian's total number of shares. The company currently has a market capitalisation of GBP1.1 million. Read More