21st Jul 2015 09:12
LONDON (Alliance News) - Torotrak PLC Tuesday said that 18.63% of the open offer shares on offer have been taken up by shareholders, with the remaining 56.2 million open offer shares to be taken up in a placing and by Allison Transmission Inc.
Issuing the shares requires shareholder approval at a meeting scheduled for Wednesday at 1100 GMT.
Shares in the company were up 2.8% at 6.94 pence on Tuesday morning.
By Samuel Agini; [email protected]; @samuelagini
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
Torotrak PLC