Nyrstar completes cash call
Nyrstar completed its Eu490m rights issue on Tuesday with a quick sale of unexercised rights. Shareholders took up 95% of their rights, leaving scrips equivalent to 3.4m shares to be placed on Tuesday morning at a price equivalent to Eu9.53 a share.
The stock hit a Tuesday low of Eu9.25 mid-morning, but had recovered to Eu9.53 in late afternoon as markets pulled back some of their losses.
Deutsche Bank and Goldman Sachs were joint bookrunners and Fortis Bank, KBC and ING were co-lead managers.
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