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Delta plc wish to raise £12m by a rights issue. They currently have 50m shares in issue and plan to offer the rights at a
Delta plc wish to raise £12m by a rights issue.
They currently have 50m shares in issue and plan to offer the rights at a discount of 20% on current market price which is £1.50.
How many shares will Delta plc need to issue and what will the terms of the offer be i.e 2 for 1?
They currently have 50m shares in issue and plan to offer the rights at a discount of 20% on current market price which is £1.50.
How many shares will Delta plc need to issue and what will the terms of the offer be i.e 2 for 1?
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Step 11 Delta plc would need to issue 80 million new shares in order to raise ...
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Corporate Finance and Investment decisions and strategies
Authors: Richard Pike, Bill Neale, Philip Linsley
8th edition
1292064064, 978-1292064161, 1292064161, 978-1292064062
