Non-Standard Finance gains on plans to raise capital
31/08/2021 11:39
** Shares of doorstep lender NSF.L up 7.1% at 3.975p as co
prepares for capital hike to shore up reserves and avoid
covenant breaches urn:newsml:reuters.com:*:nL1N2Q20DB
** Highest pct gain since Aug. 20
** NSF said in June it was seeking to raise around 80 mln
pounds ($110.18 mln) in Q3
** Capital raise would potentially be through share sale
backed by its largest investor Alchemy urn:newsml:reuters.com:*:nL5N2NX14O
** Appointed CFO Jono Gillespie as chief executive with
immediate effect
($1 = 0.7261 pounds)
(Reporting by Priyanshi Mandhan in Bengaluru)
((Priyanshi.Mandhan@thomsonreuters.com; +91 9650985606;))
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