11th Mar 2021 17:31
Hollywood Bowl Group PLC - ten-pin bowling operator - Proposes placing of new ordinary shares to raise around GBP30.0 million, in order to allow the company to invest in new centre opening opportunities, resume its planned revenue generating and cost saving capital expenditure programme in existing centres and to strengthen the balance sheet. The price at which the placing shares are to be placed will be determined at the end of the bookbuild.
Current stock price: 250 pence
Year-to-date change: up 23%
By Arvind Bhunjun; [email protected]
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