Brief: Quarto Group Proposes To Raise £13.9 Mln In Gross Proceeds

Quarto

16/01/2020 07:55

Jan 16 (Reuters) - Quarto Group Inc  QRT.L :
    * PROPOSES TO RAISE £13.9 MILLION IN GROSS PROCEEDS BY ISSUE
OF
20.4 MILLION NEW SHARES AT 68P/PER NEW SHARE BY WAY OF OPEN
OFFER
    * INTENDS TO USE PROCEEDS OF OPEN OFFER TO REDUCE EXISTING
BANK
DEBT AS REQUIRED BY SYNDICATE UNDER TERMS OF AMENDED FACILITIES
AGREEMENT

Source text for Eikon:  ID:nRSP9571Za 
Further company coverage:  QRT.L 

 ((Reuters.Briefs@thomsonreuters.com;))