Jelf looks to raise £17m after reporting operating loss

grow-money

The company said it expected that any placing would be conducted at or around the price of 36p per ordinary share and would be subject to shareholder approval at a general meeting.

The move came as Jelf reported a £9.7m loss after deduction of £4.8m reorganisation and rationalisation costs and £7.5m goodwill impairment (2008: £0.7m reorganisation and rationalisation costs and £nil impairment).

Revenue has increased 11% to £70.3m (2008: £63.1m) largely driven by previous year strategic

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected].

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: