News blog
Daniel Stewart Securities
- BY: Andrew Hore |
- POSTED: 15/09/2008 |
Aim adviser Daniel Stewart Securities has raised £623,000 of additional working capital.
A placing at 3.125p a share – which is the same as the market price – generated the cash.
Daniel Stewart had cash of £2.7m in the bank at the end of March.
Allianz Equity Investments has taken a 5.3% stake in the company.
Daniel Stewart’s chief executive Peter Shea is still the largest shareholder, with a diluted stake of just over 20%. The employee benefit trust owns just over 10% after the dilution of the latest fundraising.
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