LONDON (Alliance News) - Barclays PLC Wednesday said it expects shareholders can buy shares under its rights issue on September 13 once the FTSE closes.
Barclays announced the rights issue at the end of July after regulators found its leverage ratio fell short of targets by GBP12.8 billion.
Barclays opted to raise GBP5.8 million of this by issuing one new share for every four existing shares owned by shareholders, at an issue price of 185 pence a share.
Barclays shares were Wednesday quoted at 285.75 pence, up 0.65 pence, or 0.2%. They are approximately 23.3 pence down on the close of the day before the rights issue was announced.
By Samuel Agini; samagini@alliancenews.com; @samuelagini
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