Galliford Try's rights issue raises £144m

Aberdeen

Contractor raising funds to help cover Aberdeen road job costs

Galliford Try’s rights issue designed to help cover the rising costs of its work on the troubled Aberdeen bypass has seen all but 8.5% of the shares taken up.

The contractor said 91.5% of the 27,741,204 new shares issued had been bought at 568p a share, equivalent to £144.2m, while its financial advisers were seeking buyers for the remaining 2,356,130 shares, worth £13.4m.

 

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