Rolls-Royce rights issues completes with 94% acceptances

0 27

Rolls-Royce Holdings PLC’s (LON:RR.) new shares began trading on Thursday after its £2bn rights issue was completed.

Just over 94% of its fully underwritten 10-for-3 rights issue was taken up after it closed for acceptances a day earlier at a price of 32p per new share.

With the company receiving valid acceptances in respect of 6.06bn shares, the large band of brokers BNP Paribas, Citigroup, Goldman Sachs, HSBC, Jefferies, Morgan Stanley, Crédit Agricole CIB, Santander, SMBC Nikko and Société Générale will look for buyers for the remaining 375,096,792 shares.

The engine maker’s share price earlier this week jumped from below 70p to above 120p after positive news emerged about the coronavirus vaccine.

On Thursday the shares were up 2% to 101p.

Leave A Reply

Your email address will not be published.