4 June 2020 - fundraising

The group has announced that it has raised £48m through the issue of 40m shares at 120p each to both institutional and retail investors.  The issue was originally due to raise £45m but was increased due to strong demand from investors. The funds raised will be used to fund the group's development programme with the company taking advantage of the recent strength in its share price to issue shares at a relatively high level.  This issue may satisfy short term demand for the stock and although long term prospects remain . . .

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