Plans to raise £10m to help fund three new acquisitions have been announced by a specialist independent financial adviser and wealth manager.
Manchester-headquartered Frenkel Topping Group has launched an accelerated bookbuild by way of a placing of up to 14,285,715 new ordinary shares of 0.5p each in the capital of the company at a price of 70p per new ordinary share.
The business added that it has entered into a placing agreement with finnCap Ltd to act as the sole bookrunner.