14th Jun 2016 10:14
LONDON (Alliance News) - eServGlobal Ltd on Tuesday moved to clarify that its open offer is "not conditional" on the approval of its conditional placing or the restructuring of its debt.
In a statement, the company said it will not withdraw its open offer in the event the conditional placing or the debt restructuring is not approved by shareholders.
eServGlobal last week unveiled plans to raise up to GBP15.0 million through a share placing and an open offer, with the funds to be used to repay and refinance debt.
Shares in eServGlobal were untraded on Tuesday morning in London, having last traded at 4.17 pence.
By Samuel Agini; [email protected]; @samuelagini
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