News blog
Newmarket Investments
- BY: Andrew Hore |
- POSTED: 20/02/2008 |
Newmarket Investments is buying International Racing Bureau for £850,000 in cash and shares.
IRB is a provider of global horse racing data. Newmarket is looking for other equine related investments.
Newmarket is also buying a property in Barnham, West Sussex for £352,500 - paid for by the issue of shares at 1p a share.
A placing and 53-for-10 open offer at 1p a share will raise £1.31m gross, but £775,000 after the expenses of the share issue and acquisition. The shares are trading at 2.75p.
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