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Fox Marble Holdings PLC Raises GBP2.5 Million In Placing And Subscription-DJ


Thursday, 8 Aug 2013 03:17am EDT 

Dow Jones reported that Fox Marble Holdings PLC said that it has raised GBP2.51 million through a placing and subscription to assist its portfolio expansion and geographical diversification. Fundraising will be effected through a two stage equity placing of 14.71 million shares at a price of 16.5 pence per share. In addition, two funds managed by Amati Global Investors have agreed to subscribe GBP87,378 for 529,563 ordinary shares and have agreed to amend the terms of the loan note held by them such that the first year's capitalized interest on the loan note will be payable in cash. The maximum number of Placing Shares to be issued in connection with the placing is equivalent to 13.6% of the company's issued ordinary share capital at the date of this announcement. 

Company Quote

18.5
-0.75 -3.90%
11 Jul 2014