Versarien raises £1.85m in discounted placing By Sharecast

First Republic shares fall sharply as Yellen says Treasury will not insure all deposits

Versarien raises £1.85m in discounted placing

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Versarien raises £1.85m in discounted placing

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Sharecast - The group placed 18.5m new ordinary shares at 10p each, versus a closing price of 16p on Monday.

Chief executive Neill Ricketts said: "These funds will allow the company to focus on the significant opportunities it is seeing in the construction and leisure sectors. While we will continue to review projects in other sectors, the board believes these two areas represent the best opportunities for near term commercial success.

"In parallel, the company continues to explore additional funding options, with a focus on non-dilutive options such as grant funding and strategic partnership opportunities."

At 1055 GMT, the shares were down 32% at 10.88p.

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Comments (1)

Woon soo Lee Feb 02, 2023 12:59

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the gain tax also for each share be the first to share casting to reach it's equitable equity in certain catalyst penny wisely writing

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Versarien raises £1.85m in discounted placing

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