DS Smith Places 39.3M Shares Of 10p Each At 120p/Placing Share

7th Jul 2010 11:19

LONDON (Dow Jones)--DS Smith PLC (SMDS.LN), a supplier of corrugated and plastic packaging, and paper, said Wednesday that it placed a total of 39,296,253 new ordinary shares of 10 pence each in the company at a price of 120 pence per placing share. MAIN FACTS: -Based on the placing price, the gross proceeds of the placing will be GBP47.2 million. -The placing shares being issued represent 9.99% of DS Smith's issued ordinary share capital prior to the placing. -Shares at 1015 GMT up 1.0pence, or 0.79%, at GBP127 pence, valuing the company at GBP499.56 million. -By Razak Musah Baba, Dow Jones Newswires; 44-20-7842-9275; [email protected] (END) Dow Jones Newswires July 07, 2010 06:19 ET (10:19 GMT)