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!

3mins ago someone from United States played Black Gold

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
    24
  • Members Online
    431
  • Guests
    1,689
Highest Community Rated Online Casinos
SlotsMillion
  (122 Ratings)
32 Red Casino
  (394 Ratings)
Guts Casino
  (218 Ratings)
Club USA Casino
  (318 Ratings)
Mr Green Casino
  (334 Ratings)
Buzzluck Casino
  (193 Ratings)
Lucky Red Casino
  (252 Ratings)
Videoslots.com
  (187 Ratings)
Nexxedge
  (71 Ratings)
Bet365 Games
  (202 Ratings)
NextCasino
  (198 Ratings)
Unibet Casino
  (176 Ratings)
CasinoLuck
  (265 Ratings)
Betsson Casino
  (257 Ratings)
Betsafe Casino
  (233 Ratings)
Redbet Casino
  (189 Ratings)
ComeOn Casino
  (298 Ratings)
Spin Palace Casino
  (138 Ratings)
Casino Extreme
  (200 Ratings)
Raging Bull
  (110 Ratings)
Vera John Casino
  (210 Ratings)
Intertops Red Casino
  (146 Ratings)
Thrills Casino
  (175 Ratings)
Slotty Vegas
  (138 Ratings)
BETAT Casino
  (234 Ratings)
Slotland
  (371 Ratings)
Ladbrokes Casino
  (171 Ratings)
Sin City Casino
  (126 Ratings)
Winner Casino
  (373 Ratings)
Mummys Gold
  (151 Ratings)


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