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Adams raises £0.56m via discounted equity placing; unveils 61.9m open offer share offering
StockMarketWire.com
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Investing company Adams raised £562,250 million via a discounted equity placing and also unveiled an open offer to raise £4.02 million.
The company sold 8,650,000 shares at a price of 6.5 pence per share, representing a discount of approximately 25.7% to the closing mid-market price on AIM of 8.75 pence per share on 25 March 2021. The open offer of 0.75 shares for every 1 existing shares would raise up £3,502,897.
The proceeds will provide additional resources with which to fund its investment strategy, the company said.
At 10:03am: (LON:ADA) Adams Plc share price was 0p at 6.38p
Story provided by StockMarketWire.com
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