IN BRIEF: Pelatro raises GBP1.2 million through PrimaryBid offer

Pelatro PLC - London-based marketing software specialist - Closes PrimaryBid offer, raises GBP1.2 ...

Alliance News 15 June, 2021 | 9:14PM
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Pelatro PLC - London-based marketing software specialist - Closes PrimaryBid offer, raises GBP1.2 million through the issue of 3.0 million shares at a price of 40 pence per share.

On Tuesday, announced plans to raise GBP2.2 million through placing, the proceeds of which will go towards sales and marketing, as well as strengthening the company's balance sheet, including the repayment of debt.

Current stock price: 43.00 pence, down 18%

Year-to-date change: up 13%

By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Pelatro PLC 38.80 GBX -1.77 -

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