Nucleus plans to raise over £3m in rights issue

The wrap provider's chief executive David Ferguson says the company was originally set up with a combination of debt and equity and explains the rights issue is about capital restructuring. "The company is only three years old, we are very happy with where it is going and are keen to have a cleaner capital structure," he says. "It's been an on-going conversation for a while now with all the shareholders, including IFAs and shareholders in the business and we are now keen to just get on with it." Ferguson explains the company is currently in the midst of putting a plan together but ...