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Ladbrokes £375 million rights issue fully subscribed

26 October 2009 by CasinoListings

This story was published more than 14 years ago.

Investors still clearly like the Ladbrokes brand and potential judging by reports in the London business press this week that the last 5% of the company's £375 million rights issue 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% 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 £962 million.

Source: InfoPowa News

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