By Sheri Kasprzak
New York, Dec. 15 - Umbro plc said it has concluded a private placement of stock for £30 million.
The company issued to funds managed by Doughty Hanson & Co. Ltd. 20 million shares at 150p each.
Following the private placement, Doughty's funds own 19% of Umbro's outstanding stock.
Based in Cheadle, England, Umbro is an apparel company.
Issuer: | Umbro plc
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Issue: | Stock
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Amount: | £30 million
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Shares: | 20 million
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Price: | 150p
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Warrants: | No
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Investor: | Doughty Hanson & Co. Ltd.
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Settlement date: | Dec. 15
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Stock price: | 145p at close Dec. 14
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