Target to raise £50m through share placing

Double explosure with businesss charts of graph and rows of coins for finance at night city background.

Target Healthcare plans to raise £50m by issuing new ordinary shares under its existing placing programme at 110.5 pence per share.  The offer price represents a discount of 6.2% to the closing share price of 117.8 pence per existing ordinary share yesterday (4 September). In August, Target bought two care homes for £18.6m acquisition of…

You must be a CM Subscriber to view this content. Please log in or subscribe below.

Subscribe Now »