Mitie enjoys strong take-up for rights issue

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By Sam Kerr
29 Jul 2020

Mitie Group, the UK outsourcing and facilities management company has completed its £200m rights issue, with over 93% of shareholders taking up their shares with the remainder sold to the market on Wednesday morning.

Jefferies and JP Morgan were the global coordinators on the deal. Barclays and Santander were bookrunners.

The company sold 805m shares at 25p each, a 40.7% discount to the theoretical ex-rights price of 42.2p. Shareholders were offered the chance to subscribe for 11 shares ...

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