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Re: Anyone bet on F1?
Posted by: IanSmithISA
Date: 11/03/2020 06:39
Good morning,

No, but I might buy some Aston Martin shares and start supporting Racing Point.

The Company today announces the details of a 14 for 25 fully committed and underwritten Rights Issue of 153.2 million New Shares to raise gross proceeds of approximately 318 million.

The issue price of 207 pence per New Share represents:

a discount of 47% to the Closing Price on 26 February 2020 (being the last business day prior to the date of this announcement);


This issue is due to take place on the 16th of March, yesterday's closing price was 197.65 pence.

The Stroll consortium bought 45 million new shares at 400p and have committed to take their 14 for 25 right issue share allocation as well as some of another party's entitlement.

Bye

Ian

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