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Finsbury Food Group PLC Announces Placing To Raise Over GBP3.9 Million


Wednesday, 14 Nov 2012 02:02am EST 

Finsbury Food Group PLC announced that it has raised approximately GBP3.9 million, before expenses, through a placing and subscription of 10,364,277 new ordinary shares of 1 pence each ("Placing Shares") at a price of 38 pence per share (the "Placing Price") ("the Placing"). The Placing Price represents a discount of 5 per cent. to the closing middle market price of 40 pence per share at which the existing ordinary shares in the capital of the Company were quoted on AIM on November 13, 2012 (being the latest practicable date prior to this announcement). The net proceeds of the Placing will be invested in new additional capital investment projects within the Company's UK Cake business. Cenkos Securities plc is acting as broker to the Placing. 

Company Quote

54.5
0.0 +0.00%
11 Jul 2014