On the Seashore raises new funds by share providing | Information

On the Beach raises new funds through share offering | News

On the Seashore Group has raised £26 million by the sale of recent shares within the firm.

The journey agent bought 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 value 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 Seashore 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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