Mpac Group PLC (GB:MPAC) has released an update.
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Mpac Group PLC, an AIM-listed global leader in high-speed packaging and automation solutions, has announced a retail offer to raise up to £1 million by issuing new ordinary shares at a discounted issue price. The proceeds from the offer, which is part of a larger fundraising effort including a £29 million placing, will be used to enhance the company’s working capital and reduce debt levels. The offer, available exclusively to UK retail shareholders, underscores Mpac’s commitment to its long-standing investor base and will allow shareholders to buy shares on a first-come, first-served basis until the offer closes.
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