Ten shareholders profit after rights price boost
Ten Network Holdings shareholders that did not take up their entitlement in the TV company’s recent renounceable entitlement offer made A$0.04 per share last week, after the shortfall bookbuild priced above the offer price.
The company priced its rights issue at A$0.51 on Wednesday, getting demand from existing investors for 378.8m shares. But that left 13.2m rights shares that were not taking up, and when these were marketed to a wider investor base the price was pushed up to A$0.55.
The price was
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