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Pointon York raises £500k through rights issue
by Daniel Grote on Jul 29, 2010 at 08:59
Pension firm Pointon York has raised £567,000 through a rights issue and will hold the offer open until 15 September due to continued interest.
It will issue 113,500 ordinary shares in the company after receiving applications at 5p per share.
After the issue and allotment of shares directors of the company will own 64.43% of Pointon York.
The directors said in a statement that after the financing, and the restructuring of Pointon York's banking facility, they 'look forward to developing the group's business offering upon the foundations already announced.'
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