Kitwave Group PLC (GB:KITW) has released an update.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Kitwave Group PLC has successfully completed a capital raise of approximately £31.5 million, with the placement of both Placing Shares and Retail Offer Shares being significantly oversubscribed. The new shares were issued at a discount of 3.9% to the last closing mid-market price and will be fully paid, ranking equally with the existing shares. The funds raised will increase the total issued share capital by 14.7%, with admission to trading expected on AIM.
For further insights into GB:KITW stock, check out TipRanks’ Stock Analysis page.
