Elixirr International Plc (GB:ELIX) has released an update.
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Elixirr International Plc is set to launch a secondary placing of existing ordinary shares, intending to sell up to £25 million worth at 650 pence per share to satisfy strong demand from institutional investors. This move involves key figures from the company, including directors and partners, releasing a portion of their holdings to strengthen the institutional shareholder base. The sale will be conducted through an accelerated bookbuild managed by Cavendish Capital Markets Limited.
For further insights into GB:ELIX stock, check out TipRanks’ Stock Analysis page.