Card fraud prevention outfit Retail Decisions has confirmed market rumours that it is contemplating raising cash to fund an acquisition.
In a brief statement to the Stock Exchange, the board of Retail Decision says "it is in discussions that may or may not lead to the acquisition of a business whose key activities are complementary to those of ReD. Details of the acquisition and funding are being finalised, but it is anticipated that the transaction would be funded partly through issuing new equity to be raised from existing and new shareholders."
Shares in the firm have fallen 30% over the last month after the group reported a fall in first half sales.
In mid-morning trading the shares were down 0.5 pence to 22 pence from an overnight close of 22.5p.