Company inks deal through Peel Hunt to finance £7 million acquisition
By Devika Patel
Knoxville, Tenn., Sept. 14 - Cupid plc said it settled a £3.6 million private placement of shares through agent Peel Hunt LLP.
The company sold 1.8 million ordinary shares at 200p each. The price per share is a 0.13% discount to the Sept. 13 closing share price of 200.25p and is also a 0.1% discount to the closing mid-market price on Sept. 13, the company said in a press release.
Proceeds will be used for a planned £7 million acquisition of the entire issued share capital of NSI (Holdings) Ltd.
The provider of online dating services is based in Edinburgh, Scotland.
| Issuer: | Cupid plc
|
| Issue: | Ordinary shares
|
| Amount: | £3.6 million
|
| Shares: | 1.8 million
|
| Price: | 200p
|
| Warrants: | No
|
| Agent: | Peel Hunt LLP
|
| Settlement date: | Sept. 14
|
| Stock symbol: | London: CUP
|
| Stock price: | 200.25 at close Sept. 13
|
| Market capitalization: | £162.42 million
|
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