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Ridgecrest Raises GBP2 Million Via Placing; Names New Non-Executives
Wed, 20th Jan 2021 21:45
(Alliance News) - Ridgecrest PLC on Wednesday said it has conditionally raised GBP2.0 million before expenses via a proposed placing.
The cash shell said it issued 333.3 million shares at a price of 0.6 pence per new share. Ridgecrest shares closed up 20% at 1.679p each in London on Wednesday.
The placing is not underwritten and has been arranged by Peterhouse Capital Ltd, which has also been appointed as the company s joint broker with immediate effect.
On January 5, the company reported completion of the disposal of the entirety of its recruitment operating businesses to Sanderson Group and accordingly the change of its status to cash shell.