StockMarketWire.com - Chesnara has raised £35.7m, gross, following the placing of 11,504,765 new ordinary shares at 310p apiece.

The placing represents just under 10% of the issued ordinary share capital of the company prior to the placing.

Chief executive Graham Kettleborough said: "We are very pleased to have carried out this successful fundraising and I would like to thank our current investors for their ongoing support and welcome our new institutional investors who will become shareholders in Chesnara as a result of this placing. The acquisition of the Waard Group will strengthen the group by generating attractive financial returns and enabling future growth in the Dutch and continental European markets. We look forward to working with our colleagues in the Netherlands."


At 1:04pm: [LON:CSN] Chesnara PLC share price was +5.63p at 325.13p



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