Hyve Group PLC (LON:HYVE) has announced it is considering a share placing, among other options, to secure long-term prospects amid the coronavirus crisis.
The trade shows organiser said the announcement was in response to weekend media speculation.
The Daily Mail reported on Sunday that Hyve was “in advanced talks” to raise “millions of pounds”.
The FTSE 250-listed firm has been hit hard by the pandemic, having to postpone 33 events to late this year and reschedule 12 others for 2021.
Shares were flat at 29.49p on Tuesday morning.