Time Out (GB:TMO) has released an update.
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Time Out Group has successfully raised approximately £8.4 million through the placement of new ordinary shares, with Oakley Capital Investments acquiring a significant portion. This strategic move boosts Oakley’s voting rights to 38.10%, highlighting its growing influence within the company. The funds are expected to support Time Out’s expansion plans in its media and hospitality sectors.
For further insights into GB:TMO stock, check out TipRanks’ Stock Analysis page.
