Acuity RM adds retail offer to working capital fundraising

(Sharecast News) - Acuity RM launched a £50,000 retail offer at 0.75p per share on Wednesday, alongside a separate placing and proposed directors' subscription announced on Tuesday, as the cybersecurity risk management software group seeks additional working capital. The AIM-traded company said the retail offer would comprise up to 6.67 million new shares and includes one warrant for each share subscribed, exercisable at the issue price for one year, subject to shareholder approval.

The issue price represents an 18.9% discount to the closing share price of 0.925p on 15 June.

Completion of the retail offer is conditional on shareholder approval at a general meeting on 7 July and on the completion of the placing.

Acuity said the proceeds would be used to provide additional working capital, with admission of the new shares expected on or around 9 July.

At 1132 BST, shares in Acuity RM Group were down 13.51% at 0.8p.

Reporting by Josh White for Sharecast.com.

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