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Kalkine Media ASX Share Market News & Research

SSP Group Plc announces placement of equity shares

March 25, 2020 11:01 AM GMT | By Team Kalkine Media
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  • The company has announced placement of placing of new ordinary shares of 1Â 17/200Â pence each.
  • Certain directors and members of the senior management team intend to subscribe to new ordinary shares.
  • The total number of placing shares and subscription shares will not exceed 19.99 per cent. of the company's existing share capital
  • The net proceeds of the placement will be used to strengthen the company's balance sheet and working capital
  • On 25th March 2020, at the time of writing, GMT 09:31 AM, SSPG shares were trading at GBX 273.50, up by 38 points or 16.14% against the previous day closing price.

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