13th of April 2009 Author: Ava Jackuard
The British online and land gambling group William Hill plc has reported complete success in its rights issue offer to raise GBP 350 million.
A company spokesman said that over 97 percent of the new shares offered in its rights issue had been snapped up in short order by investors keen to take advantage of a heavily discounted price of 105p as part of a bid to reduce the company's GBP 1.4 billion debt.
In February William Hill confirmed the rights issue as part of a GBP 840 million refinancing that also saw the final dividend scrapped.
William Hill saw a three percent dip in profits for the year to December 30, to GBP 278.6 million .
Executives hope the discounted shares, underwritten by Citigroup, will strengthen the company's financial situation.
The spokesman said the shares, in a certificated form, would be dispatched to shareholders no later than April 16.
General Gambling News
28th of February 2009
23rd of February 2009
24th of July 2016
2nd of June 2016
26th of May 2016
21st of May 2016
25th of May 2016
Disclaimer Contact Us Privacy Gambling Help About Us Site Map
LatestCasinoBonuses.com © 2006-2016
Join now for full access to our online casino forum/chat plus receive our newsletter with news & exclusive bonuses every month.
PLUS join now and get...
100% up to $1000 PLUS 25 free spins! Sponsored by ClubUSA Casino, US OK.
View more information here