Deal raises cash for future investments as well as for working capital
By Devika Patel
Knoxville, Tenn., April 21 - Niche Group plc said it completed a £12.99 million private placement of shares.
The company sold 185,500,227 ordinary shares at 7p each. The price per share is identical to the April 20 closing share price of 7p.
Proceeds will be used for working capital and for future investments.
London-based Niche Group invests in pre-initial public offer companies.
| Issuer: | Niche Group plc
|
| Issue: | Ordinary shares
|
| Amount: | £12,985,016
|
| Shares: | 185,500,227
|
| Price: | 7p
|
| Warrants: | No
|
| Settlement date: | April 21
|
| Stock symbol: | London: NGP
|
| Stock price: | 7p at close April 21
|
| Market capitalization: | £33.86 million
|
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