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CVS Group raises £30.2m

14 December 2016 13:09

CVS Group has successfully raised a total of £30.2 million, before expenses, through an accelerated bookbuild and will issue 3,019,500 new ordinary shares at 1000p apiece.

The placing was approximately 2.4 times oversubscribed and the placing price represents a discount of 3.85% to the closing price on 12 December, the last trading date prior to announcement of the proposed placing.

The net proceeds of the placing, approximately £29.5 million, will be used primarily to facilitate further acquisitions in the UK and the Netherlands, in line with the Group's existing growth strategy.

At 1:09pm: (LON:CVSG) CVS Group PLC share price was +5p at 1015p

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