Countrywide shares crash on news of capital raise

Shares

Countrywide shares crashed 62.8% on Thursday to 18.5p after the company announced an emergency capital raising, heavily discounting its shares to 10p for the offering.

The company’s refinancing plan also includes an amended four-year revolving credit facility maturing in September 2022.

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