14th Jun 2018 11:06
LONDON (Alliance News) - Gym Group PLC on Thursday confirmed it has successfully raised GBP24 million in a share placing announced Wednesday to part fund an acquisition.
On Wednesday, the gym operator said it planned to buy 13 new gyms for GBP20.6 million and a possible further GBP4.1 million.
It placed 9.7 million new shares at a price of 248 pence each, a discount of around 0.6% to its closing price on Wednesday. Shares were up 7.4% Thursday at 268.00p.
Related Shares:
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