Jelf Group floats on AIM after raising £2.5m
The Jelf Group has raised £2.5m following its flotation on the Alternative Investment Market by plac...
The Jelf Group has raised £2.5m following its flotation on the Alternative Investment Market by placing almost 3.09 million ordinary shares at 81 pence, valuing the group at £10.8m.
Jelf Group's directors intend to use the proceeds to acquire healthcare and insurance intermediaries. The funds will also provide additional working capital to enhance organic growth and help build the infrastructure to support an enlarged business.
Jelf chairman Chris Jelf said: "The UK market place for retail
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