Collagen Solutions PLC

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: £0.04

Market: LSE
Market Cap: £16.64 m

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Collagen Solutions sees clear path to profitability as commercial...

Collagen Solutions PLC's (LON:COS) Jamal Rushdy and Hilary Spence talk Proactive London's Andrew Scott through the firm's results for the year ended 31 March 2019. Revenues were up 22% in the year at £4.5mln, while its loss narrowed by just under £500,000 to £1.22mln. The core...

on 11/7/19

2 min read