On the Seaside raises new funds via share providing | Information

On the Beach raises new funds through share offering | News


On the Seaside 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 worth of 330 pence every.

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

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

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

On the Seaside final month reported losses of £22 million for the primary half of the 12 months, as the corporate prepares to relaunch operations in September following the Covid-19 pandemic.

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