United Kingdom | Thursday, 21 August 2008

Rights Articles

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1. B&B gets 28 percent takeup for rights issue
Embattled mortgage bank Bradford & Bingley said shareholders subscribed to buy almost 28 percent of shares in its 400 million pound cash call, broadly in line with market expectations.
18 Aug 2008
2. HBOS rights issue flops
Shareholders in HBOS have bought up only 8.3 per cent of shares in the banking group's £4 billion rights issue. Underwriters of the rights issue will now have to sell of nearly £3.8 billion of new shares.
21 Jul 2008
3. Foreign investors biggest buyers of Barclays rights issue
Shareholders in Barclays bank bought only 19 per cent of new shares in the banks recent rights issue, with the remaining shares being taken up by big foreign investors.
18 Jul 2008
4. B&B shareholders back rights issue
Shareholders at midcap bank Bradford & Bingley voted in favour of the troubled banks plan for a £400 million rights issue.
17 Jul 2008
5. Brown vows no return to strong union past
Prime Minister Gordon Brown pledged on Monday to resist calls for greater union rights, saying full employment would be achieved with a flexible workforce rather than by strikes.
07 Jul 2008
6. B&B ups rights issue size after TPG quits
Bank Bradford & Bingley said it plans to increase the size of its rights issue to 400 million pounds after U.S. private equity firm TPG Capital pulled out of a plan to buy a stake.
04 Jul 2008
7. Fortis seeks to boost solvency
Fortis said on Thursday it plans to shore up its finances with measures worth more than 8 billion euros (6.3 billion pounds), including issuing new shares, hitting its stock on dilution worries.
26 Jun 2008
8. Barclays in 4 bln pound share issue
Barclays raised 4.5 billion pounds from investors including Qatar and Japan's Sumitomo Mitsui and aims to use half the cash to rebuild capital and half to pursue growth.
25 Jun 2008
9. Barclays considering rights issue
On Monday Barclays said that the possibility of it conducting a rights issue was "under active consideration". The bank said it was confirming the possibility of the rights issue following recent speculation.
16 Jun 2008
10. UBS gets 99% take up of rights issue
Troubled Swiss bank UBS said that over 99 per cent of new shares offered had been bought in its 16 billion Swiss franc (£7.9 billion) rights issue.
13 Jun 2008
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