Business
Placing and Notice of General Meeting
Placing and Notice of General Meeting.
About this update from Comptoir Group Plc
[{"type":"text","content":"\n \nRNS Number : 1354S Comptoir Group PLC 28 September 2017 \n\n28 September 2017\nComptoir Group plc\n \n(\"Comptoir\", the \"Company\" or the \"Group\")\n \nConditional Placing of 26,666,667 new Ordinary Shares at 15 pence per share to raise £4.0 million\nNotice of General Meeting\nComptoir Group plc is pleased to announce that it has raised approximately £4.0 million (gross) via a placing of 26,666,667 new Ordinary Shares at the Placing Price of 15 pence per share. The Placing Shares have been conditionally placed by Cenkos Securities PLC (\"Cenkos\"), as agent for the Company, with the Board, institutional and other investors. \nThe Placing funds the opening of 2 new restaurants before the end of the current financial year and a further 2 new restaurants in 2018. \nRichard Kleiner, Non-Executive Chairman, said:\n\"The Company announced within its interim results on 15th September 2017 that it required further funds to meet its financing needs associated with the opening of 2 new sites before the end of the current financial year. \nI am pleased to be able to report that the Company has raised the minimum of £2.0 million financing and, in addition, a further £2.0 million to target further openings in 2018.\nI am pleased to report that the Company has continued to see during September the stronger trading that the Group experienced in July and August and that the board retains its confidence of achieving expectations for the full 2017 financial year.\"\nEnquiries:\n \nComptoir Group plc\nChaker Hanna Tel: 0207 486 1111\n \n \nCenkos Securities plc (NOMAD and Broker)\nBobbie Hilliam / Harry Hargreaves &n...