On the Beach raises new funds through share offering | News

At the Seaside Workforce has raised £26 million in the course of the sale of recent stocks within the corporate.

The shuttle agent offered a complete of seven,870,000 putting stocks at a value of 330 pence every.

The determine represents round 5 in line with cent of the present issued capital.

The cost represents a cut price of roughly 5 in line with cent to the last percentage value of 348 pence in line with percentage the day prior to this.

Numis Securities and Peel Hunt acted as joint bookrunners for the putting.

At the Seaside final month reported losses of £22 million for the primary part of the yr, as the corporate prepares to relaunch operations in September following the Covid-19 pandemic.

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