21st May 2015 17:34
LONDON (Alliance News) - Just Eat PLC Thursday completed its placing and open offer of shares, raising GBP445 million to back its acquisition of Australian online takeaway company Menulog Group Ltd, announced earlier this month.
Just Eat said 105.4 million new shares under the placing and open offer were placed with institutional investors at a price of 425 pence per share, each, subject to clawback by qualifying shareholders under the terms of the open offer.
The open offer will be comprised of the same number of new shares at the same price on the basis of five new shares for every 27 existing shares.
Just Eat shares closed down 2.6% at 435.20 pence on Thursday.
By Sam Unsted; [email protected]; @SamUAtAlliance
By Samuel Agini; [email protected]; @samuelagini
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