Ethical fashion e-tailer Adili is seeking additional funding by issuing share capital to its largest investor Hawk Investments.

The additional funding will be used to finance short- and medium-term working capital and for continuing the development of its own-label range.

Hawk Investments currently holds 27.36 per cent of the issued shares.

In a trading update, Adili said that sales volumes in the three months to the end of July grew in excess of 100 per cent compared with the same period last year. It also said that the Sale period had successfully cleared stock, but at a lower margin than previously achieved.

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