Galliford raises £144m but falls short with rights issue

Aberdeen western peripheral route

Galliford Try has confirmed it has raised £144.2m from a 91.5% take-up of its discounted rights issue aimed to over-run costs on its Aberdeen bypass contract.

The housebuilder and construction group unveiled plans for a one-for-three rights issue of up to 27.74m new ordinary shares priced at 568p apiece in March and achieved acceptances of 25.39m of the total – its shares on the FTSE 250 closed at 885.5p at the end of last week.

This is premium content

You must be logged in to view premium stories.

Gated access promo

Subscribe for full access

Take out a print and online or online only subscription and you will get immediate access to:

  • Breaking industry news as it happens
  • Expert analysis and comment from industry leaders
  • Unlimited access to all stories, including premium content
  • Full access to all our online archive

To get access to premium content subscribe today

Alternatively REGISTER for a free trial to access up to 4 articles and sign up for email alerts

If you are already a registered user or a subscriber you can SIGN IN now