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Loo rolls-to-industrial wipes maker raises funds and shelves shareholder payout
Thursday 23 Nov 2017 Author: James Crux

Toilet rolls-to-industrial wipes manufacturer Accrol (ACRL:AIM) has returned from suspension on AIM (20 Nov) and announced a £18m placing to shore up its balance sheet.

Accrol was suspended in October due to a short-term funding crunch, having been beset by higher costs and a health and safety fine.

Besides the heavily discounted placing, Accrol now warns it is on course for break even or a marginal loss this year at the EBITDA level and has shelved this year’s final dividend. (JC)

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