5th Jan 2016 08:30
LONDON (Alliance News) - Non-Standard Finance PLC on Tuesday revealed the results of its move to raise GBP160.0 million through a placing and open offer of its shares, with the proceeds to help fund the acquisition of Everyday Loans from Secure Trust Bank PLC for an enterprise value of GBP235.0 million.
The open offer closed on Monday, and the company said it received acceptances for about 55% of the 103.4 million new shares available under that part of the fundraising. The remaining 84.9 million new shares were taken up under the placing.
Shares in Non-Standard Finance were untraded at 85.50 pence on Tuesday morning. The new shares were issued at 85.0p.
By Samuel Agini; [email protected]; @samuelagini
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Related Shares:
NSF.LSecure Trust