Benchmark raises £6.6 million through open offer

News
623

Equity raised in share issue.

In a financial bulletin on the London Stock Exchange on Monday, aquaculture health, nutrition and genetics business Benchmark Holdings announced that it has conditionally raised total gross proceeds of GBP 6.6 million through the open offer announced on 30 January, representing the full amount proposed.

Benchmark Holdings wrote that it has also had conditionally raised total gross proceeds of GBP 43 million. The share price was 40p.

The open offer closed for acceptances on 13 February.

In December, Benchmark took a loss of GBP 61.5 million from its full year results because of heavy write-downs.

Benchmark Executive Chairman Peter George said he was pleased the company had raised the full amount: “The proceeds of the Open Offer and Placing will in part be used to scale up CleanTreat as we prepare to launch BMK08, our novel medicinal treatment to combat sea lice, one of the main biological challenges in salmon farming. We are excited about the opportunity we now have to deliver Benchmark’s enormous potential.”