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Majestic Corp PLC - Deeside, Wales-based recycler of precious and non-ferrous metals from used electronics and batteries - raises £171,200 via subscription from new shareholders at 80 pence per share. The subscription represents just under 1.1% of the enlarged share capital of the company. Net proceeds will be used to strengthen working capital and support growth plans. In addition, Majestic Corp says Andrew Male resigns as a non-executive director with immediate effect to pursue other business interests. Company now expects to release financial 2024 results by June 30, in line with its regulatory requirements.
Current stock price: 150p, unchanged in London on Monday
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