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MySale open offer raises £1.6m

By BFN News | 09:47 AM | Thursday 19 September, 2019


International online retailer MySale said it had conditionally raised total gross proceeds of around £1.6m following its open offer announced on 2 September 2019. The open offer closed for receipt of applications at 11am on 18 September 2019 and the company said it had received valid applications from qualifying shareholders in respect of 79,860,619 open offer shares. This represented take-up of approximately 77.6% of the shares available under the offer. The firm said application had been made to the London Stock Exchange for the new shares to be admitted to trading on AIM and it was expected that admission would become effective and that dealings in the new shares would commence at 8am on 20 September 2019. Following admission, the company would have 794,707,735 ordinary shares in issue. 'Having now completed our placing and open offer, raising total gross proceeds of approximately £12.8m, and undertaken a significant operational reorganisation, the group now has a fundamentally different structure, operating on a debt-free basis and with a strengthened platform from which we can focus on the acceleration of our 'ANZ First' strategy,' said CEO Carl Jackson. At 9:47am: (LON:MYSL) Mysale Group Plc share price was -0.05p at 2.26p Story provided by StockMarketWire.com

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