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.
Square Mile’s series of informal interviews
Alzheimer’s is the most common cause of dementia
Total of 72 accredited firms
23% fall since Q1
Achievements, charity work and other happy snippets