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09Aug91 UK: TRY GROUP FUNDS ACQUISITION OF EGERTON TRUST'S RESIDENTIAL ASSETS WITH RIGHTS ISSUE.

By Tim Roberts.Contractor and house builder, the Try Group, has boosted its house building arm by acquiring the residential homes assets of the Egerton Trust, currently in administrative receivership, by way of a rights issue to raise up to £7.8 million net of expenses.The rights issue is on a one-for-one basis of 21.1 million new ordinary shares at 39p per share.The announcement came after interim results for the Try Group revealed an improvement in its trading position with pre-tax ...

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