(), the customer engagement software specialist, is raising £2.1mln through a placing and subscription of shares at 47p each.
The issue price equates to a 12.1% discount to the closing mid-market price of 53.5p on August 3, 2020.
The proceeds will be used to strengthen the sales team in both existing emerging and new developed markets and for marketing at various industry conferences and events to broaden Pelatro's brand recognition and network.
It will also provide working capital for Managed Services, which the directors believe will enable the company to tender for larger contracts.
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...
In exchange for publishing services rendered by the Company on behalf of Pelatro PLC named herein, including the promotion by the Company of Pelatro PLC in any Content on the Site, the Company receives from said...
FOR OUR FULL DISCLAIMER CLICK HERE