14th Feb 2023 18:30
Glantus Holdings PLC - Dublin-based data platform for accounts payable and shared services - Raises gross proceeds of roughly EUR1.4 million before expenses through a conditional subscription at an issue price of 9.25 pence per share. Says that this represents a premium of 12% to its share price of 8.25 pence on Monday. Plans to use the net proceeds for deferred consideration payments for the acquisition of Technology Insight Corp and Meridian Cost Benefit Ltd, as well as for restructuring costs and working capital purposes.
Current stock price: 6.80 pence each, closed down 18% on Tuesday
12-month change: down 92%
By Abby Amoakuh, Alliance News reporter
Comments and questions to [email protected]
Copyright 2023 Alliance News Ltd. All Rights Reserved.
Related Shares:
GLAN.L