Sunda Energy PLC (AIM:SNDA) said it has closed its WRAP Retail Offer earlier than planned after receiving strong levels of demand from investors.
Total proceeds and the number of new ordinary shares to be issued will be confirmed in an update expected on Friday, it said.
The WRAP Retail Offer formed part of Sunda’s wider fundraising, with individual investors given the opportunity to buy shares on the same equal terms as institutional participants.