Informa gets 96.82% rights take-up

27th May 2009 07:14

Informa said 96.82% of the business publisher's shareholders have subscribed to its rights issue.The group said 164m shares were taken up by shareholders with the remaining shares to be mopped up by the underwriters Merrill Lynch and RBS Hoare Govett.The group announced at the start of the month that it will raise £242m in a 2 for 5 rights issue, priced at 150p.It said the funds from the issue will be used to reduce net debt.