SHG – equity placement results

Results of the equity placement have been announced on 18-Oct-2012. 128.0m shares have been issued at 17p, which works out at £21.8m, or $35m. The placing represents approximately 38% of SHG’s issued share capital prior to the placing. The market reacted well to the announcement. Ketan Patel, a non-exec director agreed to subscribe for 11.0m shares.

Quite a bit of dilution there. It will be interesting to see the unfolding story.

18.5p

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About mcturra2000

Computer programmer living in Scotland.
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