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Speymill in £2 million rights issue

Struggling contractor Speymill is looking to raise £2 million through a share placing.
The firm - formerly Wigmore before changing its name - has 3,400,000 new ordinary shares at a placing price of 59 pence

Speymill needs the working capital to support and expand its fund management business and support Speymill Contracts.

Chairman Bob MacDonald said: 'The appetite for this placing has been very encouraging and with the growing order pipeline in the

construction business the board views the future with confidence.'

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