Panmure Gordon, a leading independent institutional stockbroker and investment bank, is pleased to advise that it acted as placing agent for Dolphin Capital Investors Limited, a leading investor in high end residential resorts in the Eastern Mediterranean, Caribbean and Central America, in the placing of 219m new ordinary shares at 21p per share raising gross proceeds of £46m together with the conversion of $14.4m of 2016 convertible bonds.

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