maybe MTC at 125p for short time20 Oct 2014 17:27
Details of Rights Issue
The Rights Issue is a fully underwritten 9 for 10 rights issue at a price of 125 pence per New Ordinary Share.
The Issue Price represents:
a 34.2 per cent. discount to the theoretical ex-rights price of an Ordinary Share, when calculated by reference to the closing price of 248.25 pence per Ordinary Share on 22 September 2014 (being the last business day prior to the release of this announcement); and
a 49.6 per cent. discount to the closing price of 248.25 pence per Ordinary Share on 22 September 2014.
Mothercare has arranged for the Rights Issue to be fully underwritten by Numis Securities, J.P. Morgan Cazenove and HSBC.