22nd Oct 2013 09:24
LONDON (Alliance News) - Recruitment company Norman Broadbent PLC shares dropped 17.1% Tuesday morning as it announced that it had raised GBP700,000 through the issue of 1.8 million new shares at 40 pence each.
The company said that it would utilise proceeds from the issuing to accelerate growth in two new complementary business ventures, Arcus Global Partners and Connecting Corporates. Arcus and Connecting Corporates deal with niche contingent recruitment, interim and social media consultancy.
Shares in Norman Broadbent were trading down 17.1% at 34.00 pence Tuesday.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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