6th Aug 2019 15:55
(Alliance News) - MySale Group PLC on Tuesday noted the more than doubling of its share price and said it is assessing options such as raising further capital, reducing debt, and selling "certain parts of the group".
Shares in online retailer Mysale were trading at 5.24 pence on Tuesday afternoon, having closed on Monday at 2.00p.
MySale announced commencement of a strategic review on June 24 aimed at maximising shareholder value.
"MySale notes the recent movement in the company's share price and confirms that it continues to assess a number of options, including raising additional capital to support the ongoing working capital requirements of the group, reducing the group's debt and the sale of certain parts of the group, as previously disclosed," the company said.
Furthermore, mySale said it is currently still "within its banking facilities" and in discussions with its bank over future financing.
"Whilst there is no certainty as to the exact outcome of the strategic review, the company will update the market in due course," said MySale.
Related Shares:
MYSL.L