Neil Woodford has doubled his stake in smart pallet developer RM2 International to 67.8%.
On 29 March RM2 International announced plans to issue 2.5 billion new ordinary shares at a price of 1p each in order to raise $36m, with the placing in two tranches. The company raised $18m from the first tranche, it was announced on 13 April, with the second tranche also expected to raise $18m. Furthermore, the company issued 3.2 billion conversion shares and announced plans to launch an open offer to all shareholders at the placing price of up to the pound sterling equivalent of €5m. RM2 International has applied for the first tranche placing shares and the conversion shares - tot...
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