Published on 5/8/2009 in the Prospect News PIPE Daily.
New Issue: Taylor Wimpey aims for £532.78 million in private placement of ordinary shares
By Devika Patel
Knoxville, Tenn., May 8 - Taylor Wimpey plc said it plans to raise £532.78 million in a private placement of shares.
The company will sell 2,131,132,548 ordinary shares at 25p apiece.
Proceeds will be used to reduce debt.
Taylor Wimpey is a London-based homebuilding company.
| Issuer: | Taylor Wimpey plc
|
| Issue: | Shares
|
| Amount: | £532,783,137
|
| Shares: | 2,131,132,548
|
| Price: | 25p
|
| Warrants: | No
|
| Pricing date: | May 8
|
| Stock symbol: | London: TW
|
| Stock price: | 37p at close May 8
|
| Market capitalization: | £514 million
|
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