Ladbrokes is set to become the latest company in the UK leisure sector to tap shareholders for cash with the launch of a £300m rights issue on Thursday. The leading UK bookmaker was on Wednesday night finalising details of the cash call, which is expected to be priced at a 35-40% discount to Wednesday’s closing price of 181p. The move comes just seven months after rival William Hill launched a £350m rights issue and follows a spate of fundraising in the pub sector.

This entry was posted by Gwen Robinson on Thursday, October 8th, 2009 at 4:49 and is filed under Capital markets. Tagged with ladbrokes. Edit this entry.