Debenhams confirms plans for 35 million pound fundraise

Debenhams Group has confirmed that it is preparing for an equity fundraise amounting to around 35 million pounds as it seeks to build up additional liquidity and the “optimal capital structure”. Chief executive Dan Finley, co-founder Mahmud Kamani, and non-executive director Iain McDonald are set to take part in the fundraise, participating at an issue price of 20 pence per ordinary share of 0.01 pound each.