Galliford Try's rights issue raises £144m

By Hamish Champ2018-04-16T13:18:00

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.

Already registered? Login here

To continue enjoying Building.co.uk, sign up for free guest access

Existing subscriber? LOGIN

Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Enjoy company features, CEO interviews, architectural reviews, technical project know-how and the latest innovations.

Limited access to building.co.uk
Breaking industry news as it happens
Breaking, daily and weekly e-newsletters

Get your free guest access SIGN UP TODAY

Subscribe now for unlimited access

Subscribe to Building today and you will benefit from:

Unlimited access to all stories including expert analysis and comment from industry leaders
Our league tables, cost models and economics data
Our online archive of over 10,000 articles
Building magazine digital editions
Building magazine print editions
Printed/digital supplements

Subscribe now for unlimited access.

View our subscription options and join our community