27th Oct 2020 12:50
Zinc Media Group PLC - London-based TV content producer - Confirms raising GBP4.0 million through share placing, the proceeds of which will go towards talent acquisition and working capital to recover losses caused by virus pandemic and support new commissions.
Issues 6.7 million shares, equal to 84% of the company's existing share capital. Placing price of 60 pence each is 1.6% discount to Monday's closing price of 61p.
Accelerated bookbuild run by N+1 Singer Advisory LLP appointed as nominated adviser, sole broker and bookrunner.
Current stock price: 61.00 pence, giving GBP4.8 million market capitalisation
Year-to-date change: down 49%
By Dayo Laniyan; [email protected]
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