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IN BRIEF: Malvern to raise GBP1.2 million via placing and subscription

31st Mar 2021 20:40

Malvern International PLC - Milton Keynes, England-based learning and skills development - Says it is carrying out an equity fundraising to raise gross proceeds of around GBP1.2 million. The fundraising will consist of a firm and conditional placing to raise up to GBP750,000 through the issue of 604.8 million new shares and a firm and conditional subscription to raise approximately GBP460,000 million through the issue of 230 million new shares, both at a price of 0.2 pence per share.

Current stock price: 0.220p

Year-to-date change: up 83%

By Arvind Bhunjun; [email protected]

Copyright 2021 Alliance News Limited. All Rights Reserved.


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Malvern Intl
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