Crawshaw provides funds for roll-out strategy
vendredi, 19 juin 2009
Crawshaw - a meat company based in Rotherham - has announced it is to provide funds to support its butchers stores.
It plans to raise £900,000 to implement its roll-out strategy, while ISIS Equity Partners subscribed to 5.25 million new ordinary shares.
Each share will be valued at 17p and it is believed that the subscription will raise approximately £894,000 prior to any expenses.
The company revealed it "has existing authorities in place to allow the issue of the Subscription Shares for cash on a non pre-emptive basis and the Subscription therefore does not require additional shareholder approvals".
Furthermore, members of the public will not be eligible to take part in the subscription.
Crawshaw has applied for the submission shares to begin trading on AIM, with dealings commencing on June 22nd.
In its mission statement, the company says it is committed to both fulfilling and exceeding its client's expectations.
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