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- Marwyn Value Investors raises £50m through conditional placing
Marwyn Value Investors has announce that, under the terms of its conditional placing (announced on 19 November), 22,727,273 ordinary shares in the have been conditionally placed at a price of 220p per share with institutional investors. Completion of the placing, which has conditionally raised £50m, remains subject to a number of conditions including approval at an EGM scheduled for 10 December 2015. Assuming the fund raising is approved, the new shares will represent 28.7% of the enlarged issued share capital of the Company (following the Placing). The company expects that a prospectus in relation to the transaction will be published on n23 November 2015.
Marwyn Value Investors raises £50m through conditional placing : MVI
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