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Insurance Age

Pavilion places 9m shares

Pavilion Insurance Network has placed almost 9.1 million ordinary shares of 1p each at 5.5p per shar...

Pavilion Insurance Network has placed almost 9.1 million ordinary shares of 1p each at 5.5p per share, raising £470,000 net of expenses. The net proceeds of the placing will be utilised by the company to extend its range of insurance products and services and as general working capital for the group.

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