Legion Group Plc (LGNG.L) revealed the placing of 53.19 million new ordinary shares at 1.88 pence per share to raise £1 million before expenses. The shares were placed by Seymour Pierce Limited with new and existing institutional investors. The net proceeds of the Placing receivable by the Company will be applied to fund further working capital.
The company also said that Stephen Thomas, non-executive Chairman, has subscribed for 5.32 million shares in the placing. Following the placing Stephen will hold a total of 5.32 million shares in the issued share capital of the company representing 0.82% of the enlarged share capital.
Following the placing, the Company will have 646.97 million ordinary shares in issue with one voting right per each ordinary share. The Placing Shares will represent approximately 8.2% of the company's Enlarged Share Capital.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.