20th Oct 2015 06:35
LONDON (Alliance News) - Entertainment One Ltd said Tuesday it received take-up of 95.87% for its recent rights issue of shares to part-fund its acquisition of Peppa Pig creator Astley Baker Davies Ltd.
The discounted rights issue was announced earlier this month to raise GBP193.6 million through the issue of around 131.5 million new shares at 153.0 pence. Entertainment One on Tuesday said it had received valid acceptances in respect of 126.05 million new shares.
Under an underwriting agreement in relation to the rights issue, underwriters JP Morgan Cazenove and Credit Suisse will "endeavour" to find subscribers for the remaining 5.43 million not taken up under the rights issue, the company said.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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