13th Jan 2016 11:18
LONDON (Alliance News) - Stanley Gibbons Group PLC noted a fall in its share price Wednesday morning, and confirmed it is considering a number of fundraising options to reinforce its working capital position.
However, the company said, whilst an equity fundraising is one option that is potentially available, the discount to its net asset value at which any such fundraising would likely be priced "could make it a relatively unattractive route to alternatives under consideration."
The collectibles trader said it will update the market on the progress of its fundraising considerations "in due course."
Shares in the company were down 11% at 61.00 pence.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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