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

Covers Chichester staff walk 5k for charity

Covers Chichester team completes 5k charity walk

A team from Covers Timber & Builders Merchants’ Chichester depot completed a 5k charity walk …