Dart said following consultation with a number of its major shareholders, an offering of just shy of 30 million shares had raised approximately £172 million additional equity for the business.
This sits in addition to the £300 million commercial loan Dart secured from the government’s Covid Corporate Financing Facility last week, and an existing £100 million credit facility Dart has already fully drawn.
It is the latest in a series of measures designed to bolster the company’s "liquidity headroom" amid what executive chairman Philip Meesen described as "this most challenging of trading environments".
