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The Vitec ( (GB:VID) ) just unveiled an announcement.
Videndum has successfully completed a non-pre-emptive placing of new ordinary shares, raising approximately £8 million. The placing was oversubscribed, indicating strong support from existing shareholders, and the new shares are set to be admitted to trading on the London Stock Exchange, which could enhance Videndum’s market presence and financial flexibility.
More about The Vitec
Videndum is an international provider of premium branded hardware products and software solutions catering to the content creation market.
YTD Price Performance: -50.0%
Average Trading Volume: 496,636
Technical Sentiment Signal: Strong Buy
Current Market Cap: £68.76M
For detailed information about VID stock, go to TipRanks’ Stock Analysis page.