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Retec Digital

  • BY: Andrew Hore |
  • POSTED: 18/04/2008 |

Retail screen media supplier Retec Digital is raising £710,000 via a placing and subscription. 

Retec is issuing shares at 2.5p a share and after expenses it will generate £650,000. The cash will be used to finance product development and make acquisitions, which will help it to cross-sell products and services.

Retec has concentrated on the entertainment and electricals sections of stores and there are opportunities to install its kiosks and screens in other parts of the store. It also says that there is demand for its services in other parts of Europe.

The shares held steady at 2.75p. 

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