Wolseley rights issue gets 98% approval

Builders merchants chain Wolseley has received acceptances from 98.31% of shareholders for its recent rights issue.

The issue was part of a £1bn fund raising that included a £270m firm placing at 120p per share, a 27% discount to the then current share price and an 11 for 5 rights issue to raise £781m.

About Fiona Russell-Horne

Group Managing Editor across the BMJ portfolio.

Check Also

Travis Perkins and Tarmac double Big Brew tour

Travis Perkins and Tarmac double Big Brew tour commitment

Building materials supplier Travis Perkins and Tarmac Blue Circle have doubled their commitment to construction …