Distil plc (GB:DIS) has released an update.
Distil plc has successfully raised £0.65 million before expenses through a combination of placing and subscription of shares to bolster working capital for seasonal production and promotional activities. The fundraising, which includes significant investments from two key investors, Grain GmbH and Dr. Graham Cooley, will represent a 37.28% increase in the company’s enlarged share capital after approval at an upcoming General Meeting. The funds are aimed at supporting the company’s portfolio of premium drinks brands in preparation for the critical Christmas trading period.
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