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HSS Hire to raise £54 million through open offer, placing of shares
StockMarketWire.com
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Tool and equipment hire company HSS Hire detailed plans to raise gross proceeds of up to c.£54.0 million through an open offer of up to £35.5 million and placing of £18.6 million worth of shares.
Under the open offer, which closed on 3 December, the company had received valid acceptances for 84.45% of the 354,598,212 open offer shares available.
The capital raise would require shareholders backing at a meeting to be held at 11:00 a.m. on 4 December.
At 8:42am: (LON:HSS) HSS Hire Grp Plc share price was 0p at 18.7p
Story provided by StockMarketWire.com
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