Science in Sport raises £8m via placing
Science In Sport
20.70p
09:15 08/07/24
10.40%
1.95p
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
7,953.85
09:35 08/07/24
0.54%
42.56
FTSE AIM All-Share
775.24
09:35 08/07/24
n/a
n/a
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