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IN BRIEF: Gfinity to raise GBP1.5 million in placing and subscription

13th Feb 2023 18:36

Gfinity PLC - London-based e-sports and gaming services - To raise GBP1.5 million before expenses through a placing and direct subscription at a price of 0.15 pence per share. Says that the issue price represents a discount of 36% to the previous closing share price of 0.235 pence per share on February 10. Plans to use the proceeds for working capital purposes.

Current stock price: 0.21 pence each, closed down 13% on Monday in London

12-month change: down 93%

By Abby Amoakuh, Alliance News reporter

Comments and questions to [email protected]

Copyright 2023 Alliance News Limited. All Rights Reserved.


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