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Porta Communications PLC announces 1.5 million-pound placing and talks to acquire public relations consultancy firm


Tuesday, 10 Dec 2013 08:00am EST 

Porta Communications PLC:Says it has raised about 1.5 million pounds by way of a placing of 11,538,462 new ordinary shares of 10 pence each at a price of 13 pence per Ordinary Share with certain institutional and other investors.Says the placing has been arranged by N+1 Singer.Says the proceeds from the placing will be used as a security deposit for a new property which the company expects to move to and for the acquisition of a public relations consultancy firm focused on consumer, corporate and B2B public relations.Says its Directors are in discussions in relation to the proposed acquisition but there is no guarantee that the acquisition will take place. 

Company Quote

8.375
0.25 +3.08%
19 Sep 2014