APQ Global Limited (APQ)

  • Change Today:
  • 52 Week High: 68.50
  • 52 Week Low: 14.00
  • Currency: UK Pounds
  • Shares Issued: 78.35m
  • Volume: 10,000
  • Market Cap: £17.63m

APQ Global says capital increase could raise between £20m and £25m

By Michele Maatouk

Date: Thursday 15 Jun 2017

LONDON (ShareCast) - (ShareCast News) - AIM-listed emerging markets growth company APQ Global said on Thursday that it could raise up to £25m if it went ahead with a capital raising to increase the size of the company.
The company, which had announced on Tuesday that it was exploring options for the capital raise, said it deemed the issue of convertible unsecured loan stock (CULS) to be the most attractive option.

"The board believes that there may be interest from potential investors in an issue of CULS to raise approximately £20-25m which would carry a circa 3% annual coupon (payable quarterly) with a potential seven-year term, and which would have quarterly conversion rights at a 20% premium to book value per share (as at the issue date)."

APQ said it would limit the amount of CULS or other long-term debt which may be incurred by the company to appropriate levels.

Further details will be announced in due course if it decides to proceed with the issue.

At 1025 BST, the shares were up 3.4% to 108p.

Email this article to a friend

or share it with one of these popular networks:

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.


APQ Market Data

Currency UK Pounds
Share Price 22.50p
Change Today 5.00p
% Change 28.57 %
52 Week High 68.50
52 Week Low 14.00
Volume 10,000
Shares Issued 78.35m
Market Cap £17.63m

APQ Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend Not Available
Income Not Available
Growth Not Available

APQ Dividends

  Latest Previous
  Q4 Q3
Ex-Div 30-Jan-20 31-Oct-19
Paid 02-Mar-20 29-Nov-19
Amount 1.50p 1.50p

Trades for 25-Nov-2020

Time Volume / Share Price
16:19 10,000 @ 30.00p

APQ Key Personnel

CEO Bart Turtelboom
Finance Director Wesley Davis

Top of Page