bonhill group plc shares fell thursday after it said it has lowered its 2021 earnings expectations to breakeven that it will carry out a discounted fundraise and its chief executive officer has resigned shares at 0704 gmt were down 125 pence or 19 at 55 pence the businesstobusiness media company said that it now expects its 2021 earnings before interest taxes depreciation and amortization to be breakeven slipping from previously downgraded expectations of 200000 pounds 261340 the reduction relates to a gbp100000 charge from an accounting policy change and an additional gbp100000 provision related to bad debts and expected credit losses bonhill reiterated guidance for gbp164 million in revenue it also said that 2022 has started well with forward bookings up 5 onyear due to a recovery in live events it recorded revenue of gbp33 million in the first quarter up 10 on year and is meeting its expectations it said bonhill also proposed a fundraise of gbp11 million for working capital purposes it will issue new ordinary shares in the company at 55 pence each an 185 discount to its closing midmarket price on wednesday ceo simon stilwell has resigned with immediate effect and managing director patrick ponsford has taken over the role on an interim basis supported by nonexecutive chairman jonathan glasspool who has been appointed interim executive chairman