13th Dec 2016 07:49
LONDON (Alliance News) - Veterinary services provider CVS Group PLC on Tuesday said it intends to raise GBP30.0 million via a share placing to fund future acquisitions and expansion of its business in Europe.
The company will raise the money via an accelerated bookbuild and intends to issue around 3.0 million shares at a placing price of no less than 1,000.00 pence per share. The bookbuild will launched immediately and run by N+1 Singer, with the total number of shares to be issued and placing price to be determined when the bookbuild closes.
CVS shares closed at 1,038.83p on Monday.
The company will use the funds to back future acquisitions in the UK and the Netherlands, CVS said.
By Sam Unsted; [email protected]; @SamUAtAlliance
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