On 12 March, PCI Pal successfully completed an oversubscribed placing to raise £3.5m through the issue of 6.25m new ordinary shares at a price of 56p. After H1 results showed revenue growth +20% yoy to £8.7m, the group’s first period of EBITDA profitability since relaunch in 2016, and a confident outlook, the raise will enable management to invest in US and EMEA expansion, and strengthen the net cash position. Following North America H1 revenue growth of +38% yoy to £3.1m, over half of the proce ....
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13 Mar 2024
PCI Pal - £3.5m raise to drive further growth from a robust foundation
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PCI Pal - £3.5m raise to drive further growth from a robust foundation
PCI-PAL PLC (PCIP:LON) | 66.0 0 0.0% | Mkt Cap: 47.6m
- Published:
13 Mar 2024 -
Author:
Michael Hill | Kimberley Carstens -
Pages:
6 -
On 12 March, PCI Pal successfully completed an oversubscribed placing to raise £3.5m through the issue of 6.25m new ordinary shares at a price of 56p. After H1 results showed revenue growth +20% yoy to £8.7m, the group’s first period of EBITDA profitability since relaunch in 2016, and a confident outlook, the raise will enable management to invest in US and EMEA expansion, and strengthen the net cash position. Following North America H1 revenue growth of +38% yoy to £3.1m, over half of the proce ....