leadf
logo-loader
viewHyve Group PLC
(
LSE:HYVE
)

Hyve mulls equity fundraise to secure long-term prospects

The Daily Mail reported on Sunday that Hyve was “in advanced talks” to raise “millions of pounds”

Hyve Group PLC - Hyve mulls equity fundraise to secure long-term prospects

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.

READ: Hyve cancels events and dividend to offset events disruption

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.

Quick facts: Hyve Group PLC

Follow
LSE:HYVE

Price: 113.2 GBX

Market Cap: £300.13 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

CloudCall CEO says half year results show 'key metrics at the top of our scales'

CloudCall Group Plc (AIM:CALL, OTCQX:CLLLF) CEO Simon Cleaver tells Proactive the cloud-based software business has revealed interim results which he says showed 'key metrics at the top of our scales' as the recovery of the UK recruitment industry drives new business. Cleaver says the group,...

10 hours, 17 minutes ago

2 min read