Mirriad Advertising plc (GB:MIRI) has released an update.
Mirriad Advertising plc, the in-content advertising company, announced a fundraising initiative to raise at least £5.5 million through issuing new ordinary shares at a discounted price of 1.25 pence each. The proceeds will be used for operational expenditure, technology investments, and sales support operations, aiming to move towards a programmatic delivery model. Additionally, the company disclosed proposed board changes, including the appointment of James Black as the non-executive Director and Chairman elect, following the planned departure of current Chairman John Pearson after the 2024 AGM.
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