Addleshaw Goddard advises 2ergo on £3.1m placing of shares
Addleshaw Goddard’s corporate finance team in Manchester has advised 2ergo Group plc, an international mobile solutions company, on its £3.1m placing of shares. The deal will also see major changes to 2ergo’s board of directors.
The placing, to new and existing shareholders, is of 310 million new ordinary shares at a price of 1p per share. The net proceeds of the placing are expected to be approximately £2.9m and will provide additional working capital and the resources required to implement a revised strategy, with a view to improving the performance of the business and generating increased value for shareholders.
The Addleshaw Goddard team was led by corporate partner Roger Hart, and included Duncan Wilson, Chris Hardman, Michael Carter, Kate McGough and Dilpa Raichura.
News from Addleshaw Goddard
News from The Lawyer
Briefings from Addleshaw Goddard
Mr Justice Blair has clarified the scope of brokers’ duties in relation to business interruption cover in Eurokey Recycling Ltd v Giles Insurance Brokers.
Addleshaw Goddard has released the 16 October 2014 issue of its Data Issues Roundup, which provides a weekly round-up of data issues.
Analysis from The Lawyer
Which firms are cutting it in this era of slimline rosters, and who are the GC new brooms making clean sweeps? The Lawyer can reveal all
Could Slater & Gordon achieve its stated aim of becoming a top consumer brand by acquiring Pannone?