Shareholders turn out to support CapCo
Capital & Counties, a £1.5bn UK property developer, on Wednesday raised £150m from a top-up placing that was priced with a slim discount after receiving strong support from its existing shareholders.
CapCo sold 68.4m shares, 9.99% of its existing share capital, at 218p each. That was a 1.1% discount to Tuesday’s close of 220.4p.
The joint bookrunners Bank of America Merrill Lynch and UBS — the company’s corporate brokers — had pre-sounded the deal with some of the company’s ...Please take a trial or subscribe to access this content.
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