Music Festivals board suspends shares after failing to raise funds

Tom Pakinkis

Shares of Vince Power’s Music Festivals group have been suspended from trading as the company pursues other funding avenues.

The group announced that it was looking to raise additional working capital last month along with expectations of a material loss for the year due to poor trading conditions.

Music Festivals hasn't been able to secure those additional funds, with board has requesting that trading of its ordinary shares be suspended after their price dipped to 2.13p after starting at 66.5p ...

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