William Hill rights issue a success


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

Login to post a comment:


 
 

Click Here to register a new account

What's going on right now!

4mins ago someone from United States read Liberty Slots Casino review

Casino Community

Share this page on:
Follow LCB on:
Follow LCB

Casino Of The Month

Casino of the Month

In the last 24h

Totals

  • New Members
    28
  • Members Online
    403
  • Guests
    1,698
Highest Community Rated Online Casinos
SlotsMillion
  (114 Ratings)
32 Red Casino
  (374 Ratings)
Guts Casino
  (211 Ratings)
Club USA Casino
  (307 Ratings)
Mr Green Casino
  (323 Ratings)
Buzzluck Casino
  (189 Ratings)
Lucky Red Casino
  (242 Ratings)
Videoslots.com
  (182 Ratings)
Nexxedge
  (59 Ratings)
Bet365 Games
  (198 Ratings)
NextCasino
  (182 Ratings)
Betsson Casino
  (246 Ratings)
CasinoLuck
  (251 Ratings)
Unibet Casino
  (169 Ratings)
Betsafe Casino
  (222 Ratings)
Redbet Casino
  (179 Ratings)
ComeOn Casino
  (288 Ratings)
Spin Palace Casino
  (134 Ratings)
Casino Extreme
  (199 Ratings)
Raging Bull
  (81 Ratings)
Casino Adrenaline
  (40 Ratings)
Vera John Casino
  (205 Ratings)
Thrills Casino
  (166 Ratings)
Slotland
  (357 Ratings)
Intertops Red Casino
  (143 Ratings)
BETAT Casino
  (226 Ratings)
Ladbrokes Casino
  (170 Ratings)
InterCasino
  (159 Ratings)
Slotty Vegas
  (135 Ratings)
Casumo
  (172 Ratings)


Follow LCB on Facebook Follow LCB on Twitter Follow LCB on Pinterest Follow LCB on Google plus