Smithfield director Reg Hoare led comms on the listing of the Manchester-based company, which began trading on the AIM on
22 November.
The company raised £44.6m through the placing and is using £17.2m of the proceeds to redeem certain loans notes and debt. A further £10.5m will go on the cost of the flotation.
Fund managers Dunedin and Indigo, which backed a buyout of the company in 2000, remain shareholders in Davenham.
22 November.
The company raised £44.6m through the placing and is using £17.2m of the proceeds to redeem certain loans notes and debt. A further £10.5m will go on the cost of the flotation.
Fund managers Dunedin and Indigo, which backed a buyout of the company in 2000, remain shareholders in Davenham.
