Summary
NEARLY two months have passed since HBoS launched its [pounds]4 billion rights issue, offering shareholders the right to buy two new shares at 275p each for every five they hold.
At the time, the shares were more than 480p, so the new ones were being offered at a significant discount.See the full content of this document
Extract
Share Price Is Key in Hbos Rights Decision ; Midas
Since then, the economy has deteriorated, the housing market has worsened and HBoS shares have slumped.
This time last year, they traded at 998p. Today they are changing hands at just 282 1 4 p.Shares invariab...See the full content of this document
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