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IN BRIEF: Catena Plans To Raise GBP500,000 For Working Capital

29th Sep 2020 19:41

Catena Group PLC - venture capital firm - Intends to raise up to GBP250,000 through subscription of up to 500,000 shares at a price of 50.0 pence each. Proceeds from subscriptions will go towards providing working capital to support company's acquisition of data science firm Insight Capital Partners. Subscription price reflects 15% discount to Catena's closing price on September 2 of 59.00 pence, the last day before shares were suspended.

Current stock price: 59.00 pence

Year-to-date change: more than double from 27.50p as at February 18

By Dayo Laniyan; [email protected]

Copyright 2020 Alliance News Limited. All Rights Reserved.


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