BILBY PLC (BILB)

BILBY PLC (BILB)

Leaders and Laggards

Laggard Bilby Disadvantages Individual Investors in Heavily Discounted Placing

Bilby plc (AIM: BILB), a leading gas heating, electrical and building services provider, announced on November 15th the completion of a fundraise of £2 million by way of a placing of new shares at a price of 11 pence per share; Canaccord Genuity Limited acted as Nominated Adviser and sole broker in relation to the Placing. The price of Bilby shares before the pacing was 23p and after the placing was 17p. The RNS says that the Directors of the company ...