1st Jul 2016 07:10
LONDON (Alliance News) - DJI Holdings PLC on Friday said it has raised GBP29.0 million through a share placing to boost its balance sheet and back potential strategic opportunities.
DJI said it has issued 30.5 million shares at 95.00 pence each to raise the funds. Shares in DJI were trading up 8.2% at 117.35p early on Friday morning.
The Chinese lottery and payment technology provider said the placing significantly strengthens its balance sheet and will enable it to progress a number of major strategic opportunities under discussion, "with the potential to develop significant new revenues and create substantial shareholder value".
"The exciting changes at DJI are gathering pace. The group has successfully pivoted its focus to leverage the strengths of its technology platform and its key commercial partnerships as it seeks to position itself at the heart of China's migration to mobile," Chief Executive Darren Mercer said in a statement.
"The board therefore looks forward to the remainder of 2016 and to 2017 with considerable confidence," he added.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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