Melrose Announces Results of Open Offer
Melrose Resources said that applications were received for 20,243,298 ordinary shares in connection with the company’s recent open offer. This equates to 89% of the shares offered.
The balance of the ordinary shares the subject of the open offer (excluding 344 ordinary shares that represent fractional entitlements) will be taken up by placees in terms of the placing. Accordingly, a total of 22,691,132 ordinary shares will be admitted to listing. The offer is expected to raise approximately GBP74.88 million (US$138.6 million) gross for Melrose.
Dealings are expected to commence on July 12.
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