By Devika Patel
Knoxville, Tenn., Oct. 23 - The Mission Marketing Group plc announced it has conditionally raised £5 million in a private placement of stock.
The company placed 3,571,429 new ordinary shares at 140p each.
Proceeds will be used for acquisitions.
London-based Mission Marketing Group is a company focused on acquiring and developing advertising and marketing agencies.
| Issuer: | The Mission Marketing Group plc
|
| Issue: | New ordinary shares
|
| Amount: | £5 million
|
| Shares: | 3,571,429
|
| Price: | 140p
|
| Warrants: | No
|
| Announcement date: | Oct. 23
|
| Stock symbol: | London: TMMG
|
| Stock price: | 140.75p at close Oct. 22
|
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