Marechale Capital PLC reacts to share price slump
A look at the major movers on the London market on Thursday
Corporate finance group Marechale Capital (LON.MAC) was under pressure earlier, its shares falling sharply after serial entrepreneur Chris Akers cut his stake from 9.97% to 2.98% (see below 10.13am).
Now the business, founded by a descendant of William Booth of Salvation Army fame, has just put out a trading statement, presumably in an attempt to limit the damage.
It said it had recently completed a strategic fundraising to strengthen its balance sheet, allowing it the flexibility to take shares or warrants in lieu of cash in connection with client work.
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