LONDON (Alliance News) - RPC Group PLC on Monday said there was a 96% uptake of its 1-for-4 rights issue announced earlier this month, receiving valid acceptances for 79.5 million new shares in the company.
On February 9, RPC said it would conduct a fully-underwritten rights issue of 83.0 million shares at 665.00 pence with the hope of raising gross proceeds of GBP552.0 million. The issue price was set at a 37% discount to the middle market closing price of 1,059.00p per RPC share the day before being launched.
The rights issue was launched to partly cover the USD640.0 million acquisition of US plastic packaging company Letica.
RPC Group shares were down 0.1% at 905.50 pence per share on Monday.
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