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Rosebank Industries Plc ( (GB:ROSE) ) has shared an announcement.
Rosebank Industries has completed a retail share offer, raising about £7.7 million through the issue of 2,333,226 new ordinary shares at £3.30 each. The offer was run via the RetailBook platform and forms part of a wider capital raise alongside an institutional placing.
Completion of the retail offer remains conditional on shareholder approval of relevant resolutions at a general meeting on 23 March and on admission of the new shares to trading on AIM, expected on 25 March. The company plans to use the proceeds as working capital, providing additional liquidity to support ongoing group operations.
The most recent analyst rating on (GB:ROSE) stock is a Buy with a £4.30 price target. To see the full list of analyst forecasts on Rosebank Industries Plc stock, see the GB:ROSE Stock Forecast page.
More about Rosebank Industries Plc
Rosebank Industries plc is a UK‑listed company whose shares trade on AIM, the London Stock Exchange’s market for smaller growth companies. The group funds its operations partly through equity capital raises directed at retail and institutional investors in the UK market.
Average Trading Volume: 534,256
Technical Sentiment Signal: Sell
Current Market Cap: £1.33B
For detailed information about ROSE stock, go to TipRanks’ Stock Analysis page.