Print Published 29th Nov 2017, 20:51

Reach4Entertainment to seek more share capital

Reach4Entertainment Enterprises, the AIM listed entertainment marketing group, confirmed today that it is seeking additional share capital by way of a stock market placing and that the placing price may be lower than the current market price of about 1.875p.

Last month Marketing Services Financial Intelligence reported that r4e had breached its banking covenants in the third quarter of 2017 (see Reach4Entertainment breaches bank covenants again).