Monitise falls following successful placing

Monitise is down following its successful placing of the first tranche of shares in a 100m pound fundraising.

Monitise is down following its successful placing of the first tranche of shares in a 100m pound fundraising.

The total fundraising entails placing 333.3m shares at 30p in two tranches. The first tranche of 114m shares in a 'firm' placing with institutions will now enter the market on December 10th. The second tranche of 219.2m shares, in a 'conditional' placing with institutions, is expected to hit the trading floor on December 27th.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.