IFG announces proposal to raise STG£20,000,000
Date: 21-11-2001
Source: IFG
IFG Group plc is pleased to announce that it proposes to raise Stg£20,000,000 (&euros;32.12 million) through an issue of Senior Unsecured Notes ("the Notes") with Warrants ("the Warrants").
Use of proceeds
IFG intends to use the net proceeds of the fund raising to fund acquisitions and for other general corporate purposes. The Group is in discussion with a number of potential vendors, and subject to agreeing satisfactory terms with them, and completion of due diligence on their companies, expects to complete these over the next few months.
Until such time as the proceeds are used to finance the Group's ongoing acquisition activity, the proceeds will be used to retire short term debt and as working capital in the business.
Registered in the Republic of Ireland No. 21010
Registered Office: IFG House, Booterstown Hall, Booterstown, Co. Dublin
Tel: + 353 (0)1 2752800 | Fax: + 353 (0)1 2752801
Email: group@ifg.ie