10th Dec 2018 11:22
LONDON (Alliance News) - Sutton Harbour Holdings PLC on Monday said it raised GBP3.0 million through an open offer, which was oversubscribed by 2.8%.
The stock was trading flat on Monday at 28.50 pence a share.
The AIM-listed company specialising in waterfront regeneration said it secured valid acceptances for 9.3 million shares under the basic entitlements and for 1.4 million shares under excess application facility.
At the end of November, Sutton Harbour launched an open offer for up to 10.3 million shares at a price of 29p each.
The funds raised through the offer will allow the company to finance the post planning, pre-construction costs of its projects and capital maintenance project costs, and to provide cash headroom for its operations.
Related Shares:
Sutton Harbour Holdings