Informa’s share price was lowered by eight per cent this morning as part of a rights issue.
Informa’s issuance comes shortly after the company received shareholder approval for the acquisition of US business Penton Information Services for £1.2bn.
11 October 2016 @ 9:00amInforma (INF)
The company announced at the time that the deal would be largely funded by a fully underwritten £715m rights issue.
The company said this morning:
Pursuant to the related rights issue announced on 15 September 2016, 162,234,656 rights issue shares of 0.1 pence each will be admitted, nil paid, to listing on the premium listing segment of the official list of the UK listing authority and will be admitted, nil paid, to trading on the London Stock Exchange's main market for listed securities at 8am today.