Home / Knowledge / News / Apparel/Garments / Bagir Group shares begin trading on AIM
Bagir Group shares begin trading on AIM
15
Apr '14
Bagir Group Ltd, a designer, creator and provider of innovative formalwear tailoring, is pleased to announce the commencement at 08.00 today of dealings in its Ordinary Shares on AIM, a market operated by London Stock Exchange plc. 
 
Admission Details 
The Placing has raised approximately £20.0 million (US$33.4 million) before expenses through the placing of 35,714,285 new shares on behalf of the Company (the "Placing") at a placing price of 56 pence per Ordinary Share (the "Placing Price"). 
The total number of Ordinary Shares in issue at Admission is 50,223,210, giving the Group a market capitalisation of £28.1 million (US$47.0 million) at the Placing Price. 
The Group intends to use the net proceeds of the Placing to:
- Repay bank loans of US$9.0 million and repay invoice factoring credit of approximately US$7.0 million;
- Provide working capital to support the Group’s strategy; and
- Invest in the Ethiopian production facility, and the Group’s IT and R&D departments.
The Group's trading symbol is BAGR and the Group's ISIN code is IL0011317216. 
 
N+1 Singer Advisory LLP acted as Nominated Adviser and sole Broker to the Group. 
 
Commenting on the successful Placing and Admission to AIM, Danny Taragan, Chief Executive of Bagir said, “We are pleased to have joined AIM today and this marks an important milestone in the Group’s 52 year history.  We have received solid support from investors and have raised £20m in a placing that will be used to pay down existing debt and provide working capital to support the Group’s future growth.  We would like to welcome our new shareholders to the register and look forward to updating them on our progress.”
 

Bagir Group

Must ReadView All

Courtesy: UPM Raflatac

Apparel/Garments | On 17th Jan 2017

New residue free textile label adhesive from UPM Raflatac

Producer of self adhesive label materials UPM Raflatac, has...

Courtesy: Authentic Brands Group

Apparel/Garments | On 17th Jan 2017

Teen retailer Aéropostale reopens 500 stores in US

Teen apparel retailer Aéropostale has reopened 500 stores in the US,...

Courtesy: Centric Software

Information Technology | On 17th Jan 2017

Centric releases version 6.0 of PLM solution

Centric Software, the leading PLM solution for fashion, retail,...

Interviews View All

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search