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Collagen Solutions welcomes new institutional investor Rosen’s Diversified

Jamal Rushdy and Hilary Spence from Collagen Solutions PLC (LON:COS) speak to Proactive London following the news they're to raise £6mln at a premium to its current share price.

A multi-billion-dollar US agriculture company has agreed to contribute the majority of the cash.

Rosen’s Diversified, the fifth largest beef processor in the US and valued by Forbes at over £2.4bn (US$3bn), is to invest £4.2mln into Collagen through the purchase of 83.6mln shares at 5p apiece – almost 25% above Friday’s closing price.

Quick facts: Collagen Solutions PLC

Price: 3.35 GBX

LSE:COS
Market: LSE
Market Cap: £14.86 m
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Collagen Solutions reports strong growth in its tissue business in first half

Collagen Solutions PLC's (LON:COS) Jamal Rushdy and Hilary Spence update Proactive London's Andrew Scott on first half performance - their third consecutive six-month period of double-digit sales growth. Revenues increased by 14% to £2.23mln in the period ended September 30. Tissue sales more...

on 3/12/19

2 min read