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An announcement from Rosebank Industries Plc ( (GB:ROSE) ) is now available.
Rosebank Industries Plc has published its Admission Document, marking a significant step in its acquisition of ECI, which is classified as a reverse takeover under AIM Rules. This move is contingent on shareholder approval and includes a proposed capital raise of approximately £6.7 million through an Open Offer. The company’s shares have resumed trading on AIM, and a General Meeting is scheduled for 1 July 2025 to discuss the transaction. This development is expected to impact Rosebank’s market position by expanding its share capital and potentially enhancing its operational capabilities.
More about Rosebank Industries Plc
Average Trading Volume: 18,879
Technical Sentiment Signal: Strong Sell
Find detailed analytics on ROSE stock on TipRanks’ Stock Analysis page.