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Boohoo.Com PLC announces first day of dealings on AIM

Friday, 14 Mar 2014 03:00am EDT 

Boohoo.Com PLC:Announces admission and dealings in its ordinary shares commence on March 14 on the AIM market of the London Stock Exchange.Following Admission, dealings will commence under the TIDM code BOO and its ISIN number is JE00BG6L7297.300 mln pounds was raised via the placing of 600 mln ordinary shares with institutional and other investors at a placing price of 50 pence per ordinary share.Proceeds will be used to accelerate its expansion and enhance its working capital base, a proportion of the money raised will be used as part of a multi-stage development plan to grow the company's distribution facilities and repay the outstanding mortgage on its Burnley warehouse.Says proceed will be also used to repay the convertible loan notes held by the company's existing shareholders.Zeus Capital is acting as nominated advisor and sole broker to the company. 

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