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Provider: Thomson Reuters Stock Report
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Provider: Edison Investment Research
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Snoozebox Holdings PLC Announces Placing Of GBP8.4 Million


Thursday, 15 Nov 2012 02:00am EST 

Snoozebox Holdings PLC announced that it has raised gross proceeds of GBP8.4 million through a placing of 15,272,727 new ordinary shares of GBP0.01 each in the capital of the Company at GBP0.55 per share (the Placing). The funds are being raised from both existing and new institutional investors. Of the GBP8.4 million raised from this Placing, GBP3.75 million will be used to pay for the manufacture of an additional 120 rooms, following which the total inventory will be 640 rooms. GBP3.25 million will be used to refinance room stock hitherto financed by extended credit from the manufacturer. The remainder will be used for working capital and transaction costs. 

Company Quote

7.125
0.0 +0.00%
16 Sep 2014