Hampson Industries PLC (HAMP.L) said it is proposing a capital raising by way of a firm placing and a placing and open offer to raise £59.5 million through the issue of 119.01 million New Ordinary Shares at an issue price of 50 pence per New Ordinary Share.
The Capital Raising is expected to raise gross proceeds of £59.5 million, or approximately £55.6 million net of expenses, in order to reduce the group's net borrowings, to provide a more robust and flexible funding structure for the group, and to enable the Group to exploit future opportunities that the Directors believe will be available to support the group's continuing growth.
For comments and feedback: editorial@rttnews.com