Science in Sport raises £8m via placing
Science In Sport
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16:55 13/11/24
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Performance nutrition business Science in Sport said on Friday that it has raised approximately £8.0m via a placing of 47.05m ordinary shares.
Food Producers & Processors
8,073.22
17:14 13/11/24
-0.40%
-32.76
FTSE AIM All-Share
729.29
16:50 13/11/24
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Science in Sport said that the shares were issued at a price of 17.0p each, whicih represents a discount of approximately 8.1% to the stocks closing price on 3 July.
The AIM-listed firm noted that its newly placed shares represented roughly 25.8% of the company's issued share capital prior to the placing.
Science in Sport also launched a retail offer via the Winterflood Retail Access Platform in order to raise up to £500,000.
As of 0945 BST, Science in Sport shares were up 1.97% at 18.10p.
Reporting by Iain Gilbert at Sharecast.com