Hancock & Gore Limited (AU:HNG) has released an update.
Hancock & Gore Limited has secured A$18.5 million through a share placement at A$0.30 each to finance the acquisition of UK-based Schoolblazer Limited and to bolster the company’s balance sheet for future growth. The placement was well received by directors, management, and both new and existing shareholders, with a significant portion of the acquisition consideration being paid in company shares, indicating strong confidence in the merger. The transaction is set to enhance H&G’s position in the market with Schoolblazer’s substantial share in the UK independent school wear segment.
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