HAZARDOUS waste specialist Augean today announced a £13m share placing to help it cut its debt and provide working capital as it looks to enter new markets.

The Wetherby-based group said that the fundrasing, which has been underwritten by Singer Capital Markets, would see 34.2m new shares issued at 38p each representing 34.3% of the enlarged issued share capital of the group.

The shares are priced at a 17.4% discount to the Augean closing share price on AIM last night.

Chief executive Paul Blackler, said......for the full story register now for free or login below...