SysGroup PLC - Liverpool, England-based IT services, cybersecurity, and cloud hosting provider - Plans to raise £10 million via placing and subscription at 33 pence per share. Also plans £0.5 million retail offer at same price. Proceeds will be used to fund an internal transformation project, strengthen the balance sheet to provide for ongoing working capital requirements as the business continues to drive growth, as well as liquidity for M&A opportunities, whilst ensuring that the Company remains compliant at all times with its obligations under its existing financing arrangements.

Current stock price: 34.70 pence, down 0.9% in London on Thursday

12-month change: down 2.3%

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