By Sheri Kasprzak
New York, April 18 - International Marketing & Sales Group plc has negotiated an £8.6 million private placement.
The deal includes up to 4 million shares at £2.15 each offered to a group of institutional investors.
The proceeds from the offering will be used for expansion and strategic acquisitions.
Located in London, International Marketing & Sales provides sales, marketing and communications services to corporate and other clients in Russia.
| Issuer: | International Marketing & Sales Group plc
|
| Issue: | Stock
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| Amount: | £8.6 million
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| Shares: | 4 million
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| Price: | £2.15
|
| Warrants: | No
|
| Announcement date: | April 18
|
| Stock symbol: | London: IMSG
|
| Stock price: | 235p at close April 17
|
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