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Bradford & Bingley asks shareholders for an extra £300m



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Published Date: 15 May 2008
BRADFORD & Bingley's shares tumbled yesterday after it unveiled a £300 million rights issue. B&B will ask shareholders – including 850,000 private investors – to take up its offer of 16 new shares for every 25 currently held.
The buy-to-let specialist said the move will offset previously announced falls in the value of investments. The fully underwritten share issue is at a price of 82p, a discount of 48 per cent on the company's closing figure last night.





The full article contains 87 words and appears in The Scotsman newspaper.
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  • Last Updated: 14 May 2008 8:51 PM
  • Source: The Scotsman
  • Location: Edinburgh
 
 

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