M&S sees 85% take-up for £600m investor cash call - News Summed Up

M&S sees 85% take-up for £600m investor cash call


High street giant Marks & Spencer has revealed 85.1% take-up for its £600 million investor cash-call to finance its joint venture deal with online grocer Ocado. High street giant Marks & Spencer has revealed 85.1% take-up for its £600 million investor cash-call to finance its joint venture deal with online grocer Ocado. Shares in the group fell 2% as results of the rights issue were announced. The underwriters will now look for buyers of the near-15% of shares not snapped up by existing M&S shareholders. Independent retail analyst Nick Bubb said M&S saw a “reasonably good” response to the rights issue.


Source: Irish Independent June 13, 2019 09:11 UTC



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