High take-up for Informa

Oct 28 (IFR) - Events and publishing group Informa reportedtake-up of 98.4% for its £715m rights issue last Wednesday, withacceptances for 159.65m out of the 162.23m offered on a 1-for-4basis at 441p.

A rump of 2.58m shares was sold in an accelerated bookbuildon Wednesday morning, priced at 670p - flat to where the stockopened that morning. The shares closed the day at 665.5p.

Barclays and Bank of America Merrill Lynch were joint globalcoordinators, and joint bookrunners with HSBC. BNP Paribas,Commerzbank and Santander were co-lead managers. Barclays,Centerview Partners, Morgan Stanley and Rothschild were jointfinancial advisers.

Proceeds will back a £1.18bn purchase of US peer Penton. (This story will appear in the October 29 issue of IFRmagazine; Reporting by Robert Venes)

Informa