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Altitude to raise £7m to help fund US acquisition

Friday, 11th January 2019
Marketing software provider Altitude Group said it would raise £7m from a share issue to help acquire assets from US-based Advertising Industry Mastermind Group.

New shares in the company would be issued at 68p each.

Altitude said it had agreed to acquire 'the membership-based trade group of independent promotional products distributors business' of Advertising Industry Mastermind for up to $5m.

At 1:47pm: (LON:ALT) Altitude Group PLC share price was -0.5p at 74.5p

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