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Dillistone Group PLC - Basingstoke, England-based supplier of software and services to recruiters - Provides trading update and announces fund raise. Agrees to raise £300,000 through the issue of convertible loan notes and £60,000 through the issue of new ordinary shares. On trading, says softness seen in second quarter has continued into the third. Despite this, expects results for half-year to June 30 to be in line with management expectations. This would equate to a significant improvement in operational profitability, compared to last year. The business was again operationally cash generative in the period, company says. Considers the fundraising a prudent course of action in case markets continue to be challenging for an extended period. Proceeds will therefore be used to provide additional working capital. Current stock price: 8.15 pence 12-month change: down 44% Copyright 2024 Alliance News Ltd. All Rights reserved.
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