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IN BRIEF: Medica Group raises GBP16 million via share placing

23rd Mar 2021 13:54

Medica Group PLC- teleradiology services provider based in Hastings, East Sussex - Reports completion of the placing of 10.7 million of new shares, which was announced Monday. The shares have been placed by Investec Bank PLC and Liberum Capital Ltd at a price of 145 pence per share. The placing price represents a discount of 4.9% to the closing mid-market price of 152.5p per share on Monday. The placing shares represent 9.6% of the existing issued share capital of the company and will raise gross proceeds of GBP15.5 million. Following the admission, the company will have 122.4 million shares overall.

Current stock price: 151.70 pence, down 1.0% on Tuesday

Year-to-date change: up 28%

By Evelina Grecenko; [email protected]

Copyright 2021 Alliance News Limited. All Rights Reserved.


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