LADBROKES GETS IT'S CASH

30 October 2009

GBP 375 million rights issue fully subscribed 
 

Investors still clearly like the Ladbrokes brand and potential judging by reports in the London business press this week that the last 5 percent of the company's GBP 375 million rights issue (see previous InfoPowa report) has been taken up.

Shareholders in Ladbrokes agreed to buy the shares following the company's cash call on 8 October to cut its debt burden. The last 5 percent of the issue was taken up at 136p per new ordinary share

The betting firm has said it will not pay a final dividend this year, with its net debts standing at GBP 962 million.

Online Casino News Courtesy of Infopowa

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