Information  X 
Enter a valid email address

Fastrack Group PLC (FTK)

  Print   

Wednesday 26 July, 2000

Fastrack Group PLC

Result of Equity Issue

Fastrack Group PLC
26 July 2000


FASTRACK GROUP PLC

RESULT OF RIGHTS ISSUE

The company announces the result of the rights issue, which closed on Friday
21 July at 3.00pm.  Of the 41,248,537 Rights Shares offered, valid acceptances
have been received for 26,843,605 Rights Shares representing 65.1 per cent. of
the Rights Shares offered.

The Tufton Funds, who underwrote the Rights Issue, have placed 15,189,593
Rights Shares with various sub-underwriters at a price of 8.5 p per share. 
Accordingly, there is no premium payable to those shareholders who have not
accepted the Rights Shares offered to them under the Rights Issue.  The Tufton
Funds have taken up a total of 21,002,882 Rights Shares representing 50.9 per
cent. of the Rights Shares being offered.

Jeremy Brassington, who is joining the Board, has acted as a sub-underwriter
and now holds a total of 6,554,618 shares in the Company, representing 0.51
per cent of the enlarged share capital.


                                 

a d v e r t i s e m e n t