LIKEWISE Group, a distributor of residential and commercial flooring to retailers and contractors, has announced its conditionally raised gross proceeds of £14m at an issue price of 35% per new ordinary share.

Subject to the necessary resolutions being passed 40,000,000 new ordinary shares are to be issued, raising gross proceeds of about £14m.

The 40,000,000 new shares will result in the issued share capital of the company increasing to 237,374,194 ordinary shares (assuming no other new ordinary shares are issued between now and admission).

The new ordinary shares will represent about 19% of the enlarged share capital of Likewise Group immediately following admission.
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