Good early reception for Equiniti rights issue

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 ...

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