R&Q shares rise on £16.9mn capital raise

Shares in Randall & Quilter (R&Q) rose 5 percent today
after it announced it had conditionally raised gross proceeds of
£16.9mn ($21.0mn) through the placing of 14.4 million
shares.
R&Q aims to use the £16.3mn net proceeds from the
capital raise to grow its core legacy acquisition activity and
fronting fee generation in both US unit Accredited and its Maltese
subsidiary.
As of 2.15pm London time, R&Q stock was up 4.98 percent to
126.5p.
A total of 14,423,591 new ordin