12th Nov 2020 09:20
(Alliance News) -Â Rolls-Royce Holdings PLC on Thursday said it received valid acceptances of around 94% of the shares to be issued under its GBP2 billion rights issue.
Under the jet engine maker's 10-for-3 rights issue of 6.44 billion shares at 32 pence each, announced at the start of October, the company received acceptances in respect of 6.06 billion shares.
Shares in Rolls-Royce were down 1.7% at 96.58p in London on Thursday.
BNP Paribas, Citigroup, Goldman Sachs, HSBC, Jefferies, Morgan Stanley, Credit Agricole CIB, Santander, SMBC Nikko and Societe Generale, as underwriters, will now find subscribers for the remaining 375.1 million shares not taken up. The underwriters have agreed to subscribe themselves for any remaining shares.
By Lucy Heming;Â [email protected]
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