25th Jun 2021 16:58
UP Global Sourcing Holdings PLC - developer of a series of brands focused on home - Raises GBP15.0 million before expenses pursuant to the fundraise. About 6.9 million new shares have been conditionally placed under placing and 238,095 new shares have been conditionally subscribed for via the PrimaryBid offer, in each case at a price of 210 pence each.
"The net proceeds will be used to fund our proposed acquisition of the historic Salter brand, for which we see significant potential as part of our strong portfolio of value focused consumer goods brands," says Chief Executive Simon Showman.
Current stock price: 228.00p
Year-to-date change: up 89%
By Evelina Grecenko; [email protected]
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