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Holidaybreak plans rights issue
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Holidaybreak plans to raise around £31m through a rights issue.
about 31 m · proceeds
Holidaybreak, company
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Holidaybreak will issue around 21.7 new shares on the basis of four new shares for every nine existing shares.
about 21.7 shares · new shares4 new shares per 9 existing shares · new shares per existing shares
Holidaybreak, company
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The price of the new shares will be 153p a share, a 49 per cent discount to the stock’s Tuesday closing price.
153 pence per share · price49 % · discount
Holidaybreak, company
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Holidaybreak aims to use the proceeds to invest in opportunities in its education division.
Holidaybreak, company
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The education division provides holidays for primary school children and educational travel tours to schools and colleges.
Holidaybreak, company
Travel firm Holidaybreak plans to raise around £31m through a rights issue, fully underwritten by broker KBC Peel Hunt. The firm will issue around 21.7 new shares on the basis of four new shares for every nine existing shares, at a price of 153p a share, a 49 per cent discount to the stock’s Tuesday closing price. Holidaybreak aims to use the proceeds to invest in opportunities in its education division, which provides holidays for primary school children and educational travel tours to schools and colleges.
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