Future brings £105m rights issue to finance US takeover of Purch

Future Plc, the UK magazine publisher, plans to raise £105m via a fully underwritten rights issue to fund its takeover of Purch, the US technology and science magazine publisher.

  • By Aidan Gregory
  • 18 Jul 2018

The deal is underwritten by Numis and N+1 Singer.

The rights issue will fund the all-cash full acquisition $132m (£100m) of the entire share capital of Purch.

Future will issue 34.88m new shares at an offer price of 303p a share. That is a discount of 42.8% to the ...

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