Mpac Group PLC Successfully Raises £29 Million

Mpac Group PLC (GB:MPAC) has released an update.

Mpac Group PLC, a leader in high-speed packaging and automation solutions, has successfully raised £29 million through an oversubscribed placing of new shares, with strong support from institutional investors. The capital increase, which was conducted at a slight discount to market price, will represent over a quarter of the company’s post-placing share capital. Retail investors were also given an opportunity to participate, aligning with the institutional placement’s terms.

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