Parsley Box looks to raise funds for growth strategy
Parsley Box Group
1.10p
16:35 21/12/22
Meal delivery firm Parsley Box said on Thursday that it was looking to raise up approximately £5.9m by way of an equity placing and a further £1.1m via an open offer to qualifying shareholders in order to fund its growth strategy.
Food & Drug Retailers
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15:45 15/11/24
Parsley Box stated it was looking to launch a placing and subscription at a price per share of 20.0p, with directors and associates intending to provide a total of roughly £4.2m to the fundraising.
The AIM-listed group, which noted that the issue price represented a premium of approximately 11.1% to its closing share price on 9 March, said the placing was part of an effort to raise funds to develop its growth strategy of targeting new customer acquisition, developing a membership programme and strengthening its balance sheet and general working capital.
Parsley Box added that its growth strategy was designed to increase revenues from high-quality customers which will aid it in achieving underlying earnings profitability.
As of 0840 GMT, Parsley Box shares had shot up 21.33% to 21.84p.