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Telecom Plus PLC announces result of open offer


Friday, 6 Dec 2013 06:07am EST 

Telecom Plus PLC:Says it received valid acceptances under the Open Offer in respect of 1,480,391 Open Offer Shares from Qualifying Shareholders.Says this represents a take-up of about 73.1 percent of the 2,024,717 Open Offer Shares offered pursuant to the Open Offer.Says the remaining 544,326 Open Offer Shares, representing about 26.9 percent of the 2,024,717 Open Offer Shares, have been allocated to the institutional investors with whom they had been conditionally placed.Says 6,788,843 Firm Placing Shares have been placed with certain institutional and other investors pursuant to the terms of the Firm Placing.Says Open Offer and Firm Placing launched to raise about 130 million pounds for the acquisition of Electricity Plus Supply Limited and Gas Plus Supply Limited from Npower Limited. 

Company Quote

1347.0
13.0 +0.98%
9:26am EDT