Inter-Alliance Group has raised £17.2m in a rights issue to enable it to work towards reaching profi...
Inter-Alliance Group has raised £17.2m in a rights issue to enable it to work towards reaching profitability. Some 78.94% of the new ordinary shares placed by the Aim-quoted network were bought by private investors and the remainder is for institutional money.
Keith Carby, Chairman & Chief Executive of Inter-Alliance, said: 'The new monies will give stability and allow the investment and Restructuring that is necessary to move towards profitability.'
Carby added that he anticipates the group will move toward profitability in the near future.
On gardening leave
'Stripping onion layers down'
400 students at academy