Begbies Traynor Group plc raised £5.3 million

Begbies Traynor Group plc, the UK’s leading independent business recovery practice raised £5.3 million before expenses through a placing of 13,094,982 new ordinary shares at a price of 40.5 pence each, as announced on 12 December 2014. The placing proceeds were used to acquire a leading UK-based national firm of chartered surveyors. Shore Capital Stockbrokers Limited acted as joint bookrunner on the transaction.