Good early reception for Equiniti rights issue

London_PA_230x150
By Aidan Gregory
12 Sep 2017

Equiniti, the UK provider of payment and administration services, has unveiled the terms for its £122m rights issue, which is intended to partly finance its entry into the US market.

The three for 14 deal will consist of 64.3m new shares, a 21.4% capital increase, at an offer price of 190p a share. That is a discount of 31.7% to the theoretical ex-rights price. 

Citigroup and Barclays are underwriters.

The rights issue is intended to partly finance Equiniti's ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.