Speedy Hire rights take-up 92.37%

10th Jul 2009 10:39

Plant hire firm Speedy Hire said that it has received 92.37% take-up for its £100m right issue. The group had received valid acceptances in respect of 423m new shares. Underwriters Oriel Securities and KBC Peel Hunt will find subscribers for the balance of 35m shares. Speedy Hire said last month that the rights issue will strengthen its balance sheet during an "unprecedented period of challenging trading and limited visibility over future revenue streams."

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