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Technology / AI and automation

MICRO BUSINESS SYSTEMS PLC COMES BACK FOR MORE WITH UKP10.3m RIGHTS ISSUE

Micro Business Systems Plc is tapping its shareholders for another UKP10.3m only months after the micro distributor made its last cash call. The company wants the cash to recapitalise the business and to finance a much greater volume of turnover. It is offering holders of its 50m shares one share for every five held at 80 pence against a price in the market before the announcement of 106 pence – and Chase Investment Bank is buying a further 3.5m shares, with a clawback for holders who want to subscribe for more than their entitlement.

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CBR Staff Writer

CBR Online legacy content.