|
Inspired PLC - Lancashire, England-based sustainability and energy advisor - Plans to raise up to £28.3 million. Includes £21.3 million placing at 40 pence per share, a £5 million sale of convertible loan notes and £2 million retail offer. Proceeds will be used to strengthen the balance sheet and help Inspired pursue and achieve a consolidated net debt/earnings before interest, tax, depreciation and amortisation ratio towards 1:1 by the end of financial 2025 or earlier. On completion, the net adjusted leverage ratio is expected to be under 1.5x. Directors intend to subscribe for £408,880 under the placing. Current share price: 41.00 pence, up 3.80% on Monday 12-month change: down 34% Copyright 2024 Alliance News Ltd. All Rights Reserved.
|
