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Provider: Thomson Reuters Stock Report

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Porta Communications PLC Announces GBP4 Million Placing

Thursday, 28 Feb 2013 02:00am EST 

Porta Communications PLC announced that it has conditionally raised GBP4.0 million (before expenses) by way of a placing of 40,000,000 new ordinary shares at a price of 10 pence per ordinary share of 10 pence each (Ordinary Share) with certain institutional and other investors by Nplus1 Singer Advisory LLP (N+1 Singer), (the Placing). The purpose of the placing is to raise funds to be used by the Company to implement the next phase of its acquisition strategy and to fund the working capital requirements of the Group by strengthening its balance sheet and thereby improving the ability of the Group to develop its income stream. 

Company Quote

-0.125 -1.22%
31 Jul 2014