Shareholders turn out to support CapCo

18 Sep 2012

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.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.