Speedy Hire has revealed a 92.4 per cent take up of its £100 million rights issue announced at the end of May.
Speedy said that as of 11am yesterday it had received valid acceptances in respect of 423,657,562 new ordinary shares, representing approximately 92.4 per cent of the total number of shares offered to Shareholders.
It is expected that the new shares will commence trading fully paid on the London Stock Exchange’s main market for listed securities today.
Oriel Securities and KBC Peel Hunt will assist Speedy in finding valid takers for the remaining balance of 35,001,338 shares.
Speedy said it will make a further announcement about its rights issue in due course.