SSP pays off £15m of debt following flotation
Halifax-based Software Solutions Partners is using £15m - £13.4m after VAT - raised for the company ...
Halifax-based Software Solutions Partners is using £15m - £13.4m after VAT - raised for the company after its flotation on the Alternative Investment Market to repay a substantial amount of its £29m debt. A further £16m, after broker fees, was returned to shareholders.
The flotation, on 2 October, valued the company at £70.2m with just below 72m shares in issue, with a placing price of 98p.
David Rasche, executive chairman of SSP, told Professional Broking: "We always wanted to float when the
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