-1.5 C
London
Saturday, December 10, 2022
Banner
Filtraglass
Banner

Waterford Wedgwood: only a third support rights issue

Only just over one-third (36%) of the individual shareholders in luxury crystal and porcelain manufacturer Waterford Wedgwood supported the recent rights issue, which raised a net EUR 36 million as pa…

Only just over one-third (36%) of the individual shareholders in luxury crystal and porcelain manufacturer Waterford Wedgwood supported the recent rights issue, which raised a net EUR 36 million as part of the group“s refinancing. In total, 9,000 individuals took up their rights out of 25,000 on the register. Those who did not may have been dissuaded by various factors: the sharp reversal in the company“s share price ahead of the refinancing details, the company“s high level of debt, or the timing of the issue, which closed on Christmas Eve. The company successfully placed the surplus shares in the market at EUR 0.21, or EUR 0.03 higher than the rights price of EUR 0.18 a share. Directors of Waterford Wedgwood, including Sir Anthony O“Reilly and Peter Goulandris, subscribed for their full entitlements.

Related news
- Advertisement -spot_img