Marechale Capital Plc - Placing, Subscription and Issue of Equity
PR Newswire
Placing, Subscription and Issue of Equity
Marechale Capital Plc (AIM: MAC) is pleased to announce that it has conditionally raised the sum of £250,000 before expenses via a placing and subscription of 20,000,000 new ordinary shares of 0.8p each in the Company ("New Ordinary Shares") at a price of 1.25p ("Placing Price") per share ("Fundraise").
Marechale is an established corporate finance firm providing strategic, M&A and advisory services primarily to hospitality and renewable energy companies in the UK and Europe. Marechale also finances earlier stage and growth capital companies from its family office, private investor and private equity relationships. The purpose of this strategic fundraising is to put the Company in a better position to take advantage of investment and co-investment opportunities that are presented to Marechale in connection with its activity for corporate clients. The Company sees significant potential for growth within the hospitality and leisure industries and the technology sector as the economy recovers from the current pandemic and the Directors consider that a stronger balance sheet will allow it greater scope to capitalise on and participate in financing opportunities.