In September 2015, the company announced details of a share issue to raise gross proceeds of £278.1m via a firm placing and placing and open offer, as well as additional gross proceeds of up to £30.9m by way of an offer for subscription, all at an offer price of 50p per share. The open offer and offer for subscription closed for acceptance on 9 October 2015.

Now the business has revealed that based on valid applications and commitments received, the gross proceeds have been determined as £309m, or £300m net of expenses.

A total of 618 million shares will be now be issued at the offer price subject to conditions. Following admission, the total number of shares in circulation will be 1.6 million.

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