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Provider: Wright Reports
Provider: Thomson Reuters Stock Report

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Michelmersh Brick Holdings Plc Announces Placing to Raise GBP 10.0 Million

Tuesday, 19 Nov 2013 02:00am EST 

Michelmersh Brick Holdings Plc announced that the Company has successfully raised GBP 10 million by the placing of 22,222,222 Ordinary Shares at the Placing Price of 45 pence per share. The proceeds of the placing will be used, in part, to help increase the saleable output of the Company's Freshfield Lane brickworks by up to a further 6 million units per annum through targeted capital investment of up to GBP 2.5 million. 

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