RM plc (RM.L), a provider of technology-enabled services to the education sector, on Friday said it plans to raise approximately £13.5 million before expenses, by issuing new shares at 95 pence each. This represents a 5% discount to the closing middle market price of 100 pence on October 9, 2025.
The company expects to generate around £12.8 million in net proceeds. Of this, about £2-3 million will be used for separation work on non-core asset disposals, £6 million to support RM Ava's development, £1 million for RM Assessment's sales and marketing, and £2-3 million for general working capital.
RM aims to cut corporate overheads by roughly 10%, equivalent to £3 million, by the end of 2027 through these measures.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.