Compass Group Issues 195.7 Million New Shares, Raising GBP2 Billion in Placing
May 19 2020 - 2:07PM
Dow Jones News
By Adriano Marchese
Compass Group PLC said Tuesday it has issued 195.7 million new
shares, meeting its intended target of raising 2 billion pounds
($2.43 billion) in a share placing.
The U.K. catering contractor said the shares were issued at a
price of 1,025 pence a share. This compares with the previous day's
closing price of 1,153.5 pence.
The company noted that the placing, subscription and retail
offer in aggregate represent around 12.3% of the existing issued
share capital prior to the placing.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
May 19, 2020 13:52 ET (17:52 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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