By Sheri Kasprzak
Atlanta, June 27 - Mostermob Group plc said it plans to raise £20,875,001 in a private placement.
The offering includes 7,324,562 shares at 285p each to institutional investors.
Investec is the underwriter in the deal.
The proceeds will be used to fund growth in emerging markets, including acquisitions and working capital in the Chinese market.
Monstermob, based in Lancaster, England, is a mobile entertainment company focused on ring tones and music for cell phones.
| Issuer: | Mostermob Group plc
|
| Issue: | Stock
|
| Amount: | £20,875,001
|
| Shares: | 7,324,562
|
| Price: | 285p
|
| Warrants: | No
|
| Underwriter: | Investec
|
| Pricing date: | June 27
|
| Stock price: | 302p at close June 27
|
|
|
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