On the Seashore raises new funds via share providing | Information

On the Seashore Group has raised £26 million via the sale of latest shares within the firm.

The journey agent offered a complete of seven,870,000 inserting shares at a value of 330 pence every.

The determine represents round 5 per cent of the present issued capital.

The value represents a reduction of roughly 5 per cent to the closing share value of 348 pence per share yesterday.

Numis Securities and Peel Hunt acted as joint bookrunners for the inserting.

On the Seashore final month reported losses of £22 million for the primary half of the yr, as the corporate prepares to relaunch operations in September following the Covid-19 pandemic.

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