Slaughter and May is advising Bloomsbury Publishing Plc on its placing
Slaughter and May is advising Bloomsbury Publishing Plc (Bloomsbury) on its placing to raise gross proceeds of approximately £8.4 million (the Placing).
The Placing, which represents five per cent. of Bloomsbury’s existing issued ordinary share capital, was announced on 17 April 2020. The Placing was conducted by an accelerated book-building process, with Investec Bank plc acting as sole bookrunner and placing agent.
The purpose of the Placing is to strengthen Bloomsbury’s balance sheet and provide additional headroom during the period of, and to help weather the effects of, the COVID-19 pandemic and to pursue opportunities for growth in the future.