9th Jul 2020 12:22
(Alliance News) - SIG PLC on Thursday said its share open offer closed for acceptances on Wednesday, with valid acceptances for 124.3 million shares, representing an 84% of all shares offered.
This was a part of GBP165 million fundraising launched in June, which was structured in two, inter-conditional tranches. A tranche of GBP60 million being placed firm to CD&R Sunshine Sarl at a price of 25 pence per share, and a second tranche of GBP105 million comprising a placing and open offer at 30p price.
SIG shares were trading 3.5% lower on the day Thursday at 31.58p each.
The Sheffield, England-based insulation, roofing, commercial interiors and construction products supplier said the remaining 23.6 million open offer shares, representing 16% of the overall open offer, will be allocated to the placees with whom the open offer shares had been conditionally placed under the placing.
Following the admission, the company will have 1.18 billion shares overall.
By Evelina Grecenko; [email protected]
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