Peel Hunt is acting as NOMAD, Corporate Broker and Bookrunner to Koovs plc in its proposed placing of 9.5m new ordinary shares and a proposed subscription (part of which is a £3.9m strategic investment by the Times of India Group) of 12.2m new ordinary shares (with a broker option for a further 4m new ordinary shares) to be issued at 50p per new ordinary share to raise gross proceeds of £10.85m, as announced on 16 November, 2016.
