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Belluscura PLC ( (GB:BELL) ) has shared an update.
Belluscura PLC announced the successful approval of resolutions at its General Meeting, resulting in the issuance of new shares and raising approximately £4.7 million in gross proceeds. The company plans to admit these shares to trading on AIM, which is expected to enhance its capital structure and support its strategic growth initiatives. Additionally, significant board changes were confirmed, with several directors resigning upon the admission of the new shares, marking a pivotal shift in the company’s governance.
More about Belluscura PLC
Belluscura PLC is a UK-based medical device company specializing in the development of oxygen enrichment technology. The company focuses on a wide range of industries and therapies, aiming to innovate within the medical device sector.
YTD Price Performance: -79.73%
Average Trading Volume: 779,306
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £3.78M
See more insights into BELL stock on TipRanks’ Stock Analysis page.