22nd Apr 2021 14:15
(Alliance News) - SSP Group PLC on Thursday announced it had allocated all the shares in its GBP475 million rights issue aimed at strengthening its finances.
The London-based operator of food and beverage outlets in travel locations issued 258.1 million new shares at the price of 184 pence per share on the basis of 12 new shares for every 25 existing shares.
It announced the issue initially got 98% acceptances for new shares issued when it closed on April 21 before investment banks Barclays Bank PLC, Goldman Sachs International, HSBC Bank PLC, and JP Morgan Securities PLC confirmed they will place or buy the remaining 5.0m shares, at a price of 311.5 pence per share.
Shares in FTSE 250-listed SSP rose 3.6% at 322.80 pence in London on Thursday afternoon.
Last month SSP said it hoped to raise around GBP475 million via the fully underwritten rights issue.
By Will Paige; [email protected]
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