Diurnal To Raise GBP10.5 Million Via Share Placing (ALLISS)

3rd Apr 2018 16:19

LONDON (Alliance News) - Diurnal Group PLC said on Tuesday that it intends to raise GBP10.5 million through the placing of different types of shares.

The pharmaceutical company said it made an application to AIM for the admission of 1.6 million VCT shares occuring early on Wednesday. It also requested to place 3.9 million shares and 3.2 million convertible loan shares on Thursday.

Diurnal said it will have 54.2 million shares after VCT shares admission and 61.3 million shares following both admissions.

The stock was trading 1.5% lower at 196.00 pence per share on Tuesday.

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