Devolver raises £7.9m via share placing

2nd Jul 2024 09:32

(Sharecast News) - Video games publisher Devolver has successfully raised approximately £7.9m via a placing of 23.9m shares.

Devolver said on Tuesday that the placing price of 33.0p represented a 10% premium to the stock's closing price on 1 July

Application has been made for the new shares, which equate to roughly 5.5% of the issued and outstanding share capital of the company, to be admitted to trading on London's AIM market on or around 5 July.

As of 0930 BST, Devolver shares had rallied 13.33% to 34.0p.

Reporting by Iain Gilbert at Sharecast.com