Tissue maker aiming to bounce back with £18m share placing
Troubled Lancashire tissue maker Accrol Group is bidding to raise £18m on the AIM after trading in its shares resumed today (Monday, November 20), following suspension six weeks ago.
Five directors of the Blackburn company, including chairman Peter Cheung and newly-appointed chief executive Gareth Jenkins, are themselves to invest £200,000 in the share placing.
Accrol is awaiting sentencing in January after pleading guilty to a health and safety offence which led to an employee suffering serious injury to a finger.
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