Devolver raises £7.9m via share placing
Devolver Digital, Inc. (DI) Reg S Cat 3/144A
33.50p
11:00 04/07/24
0.00%
0.00p
Video games publisher Devolver has successfully raised approximately £7.9m via a placing of 23.9m shares.
FTSE AIM All-Share
769.95
13:05 04/07/24
n/a
n/a
Media
12,606.76
13:05 04/07/24
0.74%
92.37
Devolver said on Tuesday that the placing price of 33.0p represented a 10% premium to the stock's closing price on 1 July
Application has been made for the new shares, which equate to roughly 5.5% of the issued and outstanding share capital of the company, to be admitted to trading on London's AIM market on or around 5 July.
As of 0930 BST, Devolver shares had rallied 13.33% to 34.0p.
Reporting by Iain Gilbert at Sharecast.com