Good news for Johnston
Published Date:
24 June 2008
JOHNSTON Press, the publisher of the Edinburgh Evening News, has revealed its £212 million rights issue had been more successful than Royal Bank of Scotland, with the company this morning announcing a 97.25 per cent quarter take-up.
The organisation emulated Royal Bank of Scotland's success by completing a move to refinance its business. Earlier this month, RBS set the level for post-credit crunch rights issues, when it needed to raise £12 billion from more than 95 per cent of its shareholders.
The full article contains 88 words and appears in Edinburgh Evening News newspaper.
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Last Updated:
24 June 2008 11:08 AM
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Source:
Edinburgh Evening News
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Location:
Edinburgh