Business and people search

Severfield-Rowen successful with rights issue

5th April 2013


STRUCTURAL steel group Severfield-Rowen said that shares from its new rights issue will start trading today.

The North Yorkshire-based group announced the launch of a £48m rights issue to reduce its borrowings in February.

The fully underwritten rights issues, which has seen 194.5m new shares issued, has raised £47.9m, £44.8m after expenses.

It saw seven new shares issued for every three, priced at 23p, a discount of 67.8% to the closing share price of 71.5p the day before the announcement.......for the full story register now for free or login below...

Read Next News Archive

Print this page Have your say Bookmark and Share Send to a friend

Have Your Say 

Be the first to comment on this article!

Login to submit a comment

TheBusinessDesk is a trading name of Regional Media Services Ltd.
A company registered in the UK, company number : 07111349 VAT Number : 124302954