LONDON (Alliance News) - Countrywide PLC said Tuesday it received acceptances for 72% of shares under an open offer launched at the beginning of August.
Earlier this month, the estate agent announced a placing to raise GBP140 million with GBP11.4 million via placing of 1.11 billion shares and GBP28.6 million in an open offer of 285.6 million shares at 10 pence each.
The company received acceptances for 206.6 million shares under the offer. Accordingly, the remaining 79.0 million shares representing 27% of the open offer shares "will be allocated to the conditional placees with whom the open offer shares had been conditionally placed under the placing", the company explained.
Shares in were up 0.1% at 14.49 pence each on Tuesday morning.