22nd Jul 2022 09:15
Unbound Group PLC - London-based footwear company, formerly known as Electra Private Equity - Closes accelerated bookbuild for its GBP3.3 million fundraise. Plans to contact participants later today to confirm their allocations once finalised.
On Thursday, Unbound proposed a placing of 20.8 million new shares at 15p each, as well as a subscription for 1.2 million shares at the same price to raise GBP3.3 million. It said it will also launch an open offer of up to 6.7 million shares to raise up to GBP1.0 million.
Singer Capital Markets Ltd acted as the broker and sole bookrunner. It will use the proceeds to fund its investment into digital, expanding garden centres, technology and inventory solutions.
Current stock price: 12.75 pence, down 43% on Friday
12-month change: down 98%
By Abby Amoakuh; [email protected]
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