StockMarketWire.com - Plant Health Care proposes capital hike to raise gross proceeds of about £7.6m, via a £5.6m placing and a £2.0m direct subscription.

It said the issue price of the capital hike was 10p a share, or a roughly 40% discount to the closing price of 16.75p on July 28.

"The Board believes the net proceeds of the Capital Raising, together with existing cash, will provide sufficient working capital for at least 12 months following the Capital Raising," the company said.






Story provided by StockMarketWire.com