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MADE Responds To Press Speculation

MADE lamp

MADE has responded to speculation by Sky News that it has called in 'advisers to assemble balance sheet repair job', and is 'working with PwC as it also pursues plans for a share sale that could seek to raise in the region of £50m'.

Statement from MADE: 

Further to the Q2 trading update published on 19 July 2022, MADE notes the recent press speculation regarding the possibility of the Group undertaking a capital raise.

As indicated in the Q2 trading update, MADE is considering all options to allow it to strengthen its balance sheet. MADE confirms that these options include a potential equity capital raise. MADE continues to consider its options and a further announcement will be made if and when appropriate.

Source : MADE PLC

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18 August 2022

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