21st Jul 2025 12:32
Caledonian Holdings PLC - Edinburgh-based investor in financial services sector - Calls a general meeting for August 6 to approve its share placing. Caledonian on Tuesday last week said it intends to raise GBP1.1 million before expenses through the placing of nearly 30 billion new shares at 0.0035 pence per share. The placing, run by broker Peterhouse Capital Ltd, will nearly double Caledonian's total number of shares. The company currently has a market capitalisation of GBP1.1 million.
The proceeds will be used to accelerate the company's investment strategy of "backing high-potential businesses in the financial services sector", to strengthen its executive team, and for general working capital. Caledonian notes it made its first new investment under its new board and revised investment strategy last month. It invested GBP750,000 into AlbaCo Ltd, a bank focused on lending to small and medium enterprises in Scotland, taking a 2.7% stake.
Current stock price: 0.0038p, up 38% in London on Monday
12-month change: down 62%
By Tom Waite, Alliance News editor
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