Brief: Quarto Group Says Raised £13.9 Million By Issue Of 20.4 Million New Shares

Quarto

03/02/2020 07:48

Feb 3 (Reuters) - Quarto Group Inc  QRT.L :
    * QUARTO GROUP - RAISED £13.9 MILLION BY ISSUE OF 20.4
,MILLION
NEW SHARES AT 68 PENCE PER NEW SHARE BY WAY OF OPEN OFFER
    * QUARTO GROUP - RECEIVED VALID ACCEPTANCES UNDER OPEN OFFER
IN
RESPECT OF 57.382 PERCENT NEW SHARES FROM QUALIFYING
SHAREHOLDERS
    * QUARTO GROUP - INTENDS TO USE NET PROCEEDS OF OPEN OFFER
TO
REDUCE EXISTING BANK DEBT

Source text for Eikon:  ID:nRSC6609Ba 
Further company coverage:  QRT.L 

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