RE: New RetailBook Investment Opportunity: WH Smith (SMWH)10 Jun 2026 13:55
@Morrymeboy
The company have announced the fund-raising exercise via the means of offering a further 28m shares into trading using a 'retail offer'.
Generally the retail offer price is lower than the share price at that time of placing, although this is not guaranteed.. I believe the retail offer price is decided at the end of trading today and usually, to attract buyers, the retail offer price will be around 10% ~ 15% lower than the actual share price.. hence the drop in the share price reflecting just that today.
If the retail offer price goes ahead then ordinary shares will be issued and start trading on Friday this week.