Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to the newest version of your browser.

Your browser appears to have cookies disabled. For the best experience of Construction News, please enable cookies in your browser.

Welcome to the Construction News site. As we have relaunched, you will have to sign in once now and agree for us to use cookies, so you won't need to log in each time you visit our site.
Learn more

Speedy receives 92.4pc take up of £100m rights issue

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.