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B90 Holdings PLC - Isle of Man-based online marketing company - Raises £731,000 through subscriptions for 12.7 million shares by existing investors at 5.75 pence each, the proceeds of which will go towards marketing activities and working capital.
Also appoints Non-Executive Chair Karim Peer as executive chair with immediate effect.
‘The proceeds from this subscription place the group on a more stable financial footing and enable the activation of additional marketing initiatives to drive revenue. By enhancing our well established direct to customer routes we will continue to introduce and augment our brands in new and different markets, facilitating more growth and accelerating customer acquisition,’ Peer added.
Current stock price: 5.76 pence
12-month change: down 55%
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