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Coronavirus impact: 21 May - another big equity raise on AIM

21/05/2020 · Begbies Traynor (BEG)  · Belvoir Group (BLV)  · Cohort (CHRT)  · Jet2 (JET2)  · Knights Group Holdings PLC (KGH)  · Oxford Metrics (OMG)  · Pets at Home Group (PETS)  · Restore (RST)  · Yu Group (YU/) 

AIM AIM Inheritance Tax potential Coronavirus FTSE 250 UK

Jet2 plane

While Dart Group secured a material cash injection, there was a mixed bag of results and updates from the AIM and the Main Market. While some companies appear to have done well in the short term we fear for their long term future as the new normal unfolds.


Dart: shares soar on fund raise

Shares in Dart Group (LON:DTG), the leisure travel and logistics group which operates the Jet2 airline, soared following news of a successful fund raise.

The group raised £172m at 576.5p per share, being yesterday’s closing price, with the new shares representing 20% of the issued equity beforehand.

Having budgeted several scenarios, including one where flying operations only re-start on 1 April 2021, management believes that the proceeds of the equity…

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