Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Debenhams share offer gets muted response

Just a third of the open offer shares placed by Debenhams earlier this month have been taken up by shareholders.

Debenhams received offers for 30.3% or 73.38 million of the 242.38m open shares offered to the market representing 30.3% of the share placing.

The remaining 168.9m open offer shares have been allocated to firm placees on top of the 161.5m firm placed shares they had already subsrived to.

Earlier this month Debenhams issued the placing and open offer, at 80p per share to hep it raise £323m to help it pay off some of its debt of more than £900m.

The firm placing and placing and open offer are conditional on shareholder approval at the extraordinary general meeting which takes place at 11am this morning.

 

 

 

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.