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Wolseley rights issue gets 98% approval

Builders merchants chain Wolseley has received acceptances from 98.31% of shareholders for its recent rights issue.

The issue was part of a £1bn fund raising that included a £270m firm placing at 120p per share, a 27% discount to the then current share price and an 11 for 5 rights issue to raise £781m.

About Fiona Russell-Horne

Fiona Russell-Horne
Group Managing Editor across the BMJ portfolio.

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