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Retail Software & SaaS Cirata

Cirata shares falls after placing and subscription

The data analytics software company is raising up to £6.3m through an institutional placing, subscription and a separate retail component closing on 29 June.

by tickstock newsroom
The image features a miniature figurine of a person reading a book while sitting on top of oversized coins. This composition illustrates the concept of finance and investment through a creative, symbolic representation. — Credit: Photo by Mathieu Stern on Unsplash c Photo by Mathieu Stern on Unsplash

Cirata (LSE:CRTA) fell 5.1% to 16.63p after completing a placing and subscription raising £5.9m, with a retail offer still open.

All tranches are priced at the same issue price, though the specific level was disclosed in the accompanying launch announcement rather than this result notice.

Director and senior management participation is broad: Non-Executive Chairman Kenneth Lever, CEO Stephen Kelly, Non-Executive Directors Sarah Rolls, Amanda Jobbins, Eric Collins and Christopher Baker, as well as senior employees Paul Scott-Murphy and Dominic Arcari, all took part in the fundraising.

The retail offer is expected to close at 8.00 a.m. on 29 June, after which Cirata will announce the final result and confirm total proceeds.

by tickstock newsroom

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