The placing and open offer shares are being offered at a 13% discount to Monday’s mid-market closing price.
The placing shares will represent around 45.7% of the enlarged share capital of the company while the open offer will account for around 10% of the enlarged share capital if fully sold.
Chief executive Tony O’Reilly said: “Unfortunately, delays to certain planned events, combined with the forward working capital requirements of the business, necessitated raising capital at this time and at this price.”
He
