Small-cap stock below £ 20 declares rights issue worth £ 350 crore. Share jumps 18% within five days | Einsmark news

Small cap stock below £ 20: Sepc Limited share price rose to 2 percent in Thursday’s trade session after the council approved the rights issue worth £ 350. At 12:05 am, the SEPC share price traded at £ 15.49 by piece. The small cap has risen by more than 18 percent in four days. The small cap share also delivered more than 102.77 percent returns in five years. SEPC Rights Expendit Details “We have informed you that the Board of Directors and the Members of the Rights Expenses Committee has approved the offer and the issuance of partially paid shares of the company, by way of a rights issue to a total amount of Rs. 35,000 lakhs (the ‘rights issue’), in accordance with the enterprise, 2013, 2013 made, the Securities and the Securities. The right issue will be opened for subscription on June 9 and close on June 23. The company further informed that the price of rights was fixed at £ 10, with the payment divided into two parts: £ 5 must be paid at the time of the application and the remaining £ 5 which must be paid later during the first and final call. The company determined on Friday, May 23, as the record date to be eligible for real -gates. “Rights Rights Ratio: 11 (Elf) Rights Share Shares (Partly Paid) for every 50 (fifty) fully paid up equity share held by the qualifying shareholders, as on the record date,” the company added. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or brokerage companies, not coin. We advise investors to check with certified experts before making investment decisions.