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LONDON - RetailBook, a UK-based technology platform that connects issuers with retail capital, has successfully raised £500,000 through the issuance of new ordinary shares, as announced on Wednesday by Peel Hunt Limited. The capital increase, which took place on March 28, 2025, aims to bolster RetailBook’s working capital, support its growth ambitions, and enhance regulatory capital.
The fundraising saw participation from RetailBook directors Aaqib Mirza and Nicholas Cullen, who personally invested £175,000 and £50,000, respectively. It’s noteworthy that Peel Hunt, which owns just over 50% of RetailBook’s capital, did not partake in this round of funding.
Given the ownership structure, the investment by Mirza and Cullen is considered a related party transaction under Rule 13 of the AIM Rules for Companies. However, the directors of Peel Hunt, after consulting with Grant Thornton UK LLP, the company’s nominated adviser, have affirmed that the terms of the directors’ participation were fair and reasonable for the shareholders at the time the transaction was conducted.
This financial move is expected to position RetailBook for further development in its sector by providing necessary funds for operational and strategic expansion. The information is based on a press release statement.
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