Greencore raises £90m after UK lockdown delays recovery

Greencore_PA_575_375
By Aidan Gregory
24 Nov 2020

Greencore, the Irish food company, has placed £90m of new shares via an accelerated bookbuild on Monday evening.

The share sale consisted of 80.35m shares, an 18% capital increase. At the 112p offer price, the transaction cleared at a 5.7% discount to the closing price of Greencore on the day.

Polaris Capital Management, which owns more than 10% of Greencore, subscribed for around £13m of shares ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial