17th Jul 2025 14:59
Coats Group PLC - London-based manufacturer of materials for footwear and apparel - Announces its completion of the capital raise announced on Wednesday. Raises gross proceeds of approximately GBP246 million, "with strong support from existing shareholders". Says 314.8 million new shares were placed with institutional investors at 77.0 pence each. Also, retail investors have subscribed for 3.9 million new shares, and "certain directors and management" for 902,595 shares between them, at the same price. Placing price represents an approximate 6.2% discount to Coats' closing price of 82.1p on Wednesday. Read More
