AO has called on investors to help it raise an extra £40m after its share price fell over fears of its financial strength.
The Bolton-headquartered online electricals retailer is to launch a capital raise for new and existing shareholders, which will include placing for small retail investors, in order to boost its balance sheet.
In a statement issued to the London Stock Exchange, AO said that while it is "cash generative", the fundraise will "increase the company's liquidity back to historic levels... strengthen the balance sheet for suppliers and provide the flexibility to capitalise on market opportunities".
