Mulberry (GB:MUL) has released an update.
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Mulberry Group PLC has announced a retail offer to raise up to £750,000 through the issue of new shares, providing an exclusive investment opportunity for its current UK shareholders. The shares are priced at a discount, with the aim to fortify the company’s balance sheet and support growth strategies under new CEO Andrea Baldo. Existing shareholders can apply for this offer, which will support the company’s capital raising efforts alongside a £10 million subscription by its majority shareholder.
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