29th Apr 2021 18:15
JTC PLC - Jersey-based provider of fund, corporate and private client services - Plans to raise up to GBP65 million through placing of new shares, which will have Numis Securities Ltd and Joh Berenberg & Co KG acting as joint bookrunners.
Total number of placing shares will not exceed 10% of JTC's entire issued share capital.
Proceeds from the placing will go towards the reduction of net debt and the maintaining of a strong balance sheet, providing the group with greater flexibility to act on its near and medium term M&A pipeline.
Current stock price: 639.67 pence
Year-to-date change: up 14%
By Dayo Laniyan; [email protected]
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