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Findel open offer proves popular

Tue, 11th Aug 2009 08:01

Home shopping business Findel has raised the £81m it was after as investors snapped up over 97% of the shares allocated to them via an open offer.The company announced last month that it wanted the money to speed up its debt reduction plan and enter into cheaper and less restrictive bank facilities.About 97.6% of the 204m shares allocated to shareholders at 20p each were taken up, with the remainder bought by investors with whom they had been conditionally placed. The remaining £40m was raised through a firm placing.The issue price represents a discount of 51.5% to the closing price on 23 July, the day before the cash call was announced.
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17 Feb 2017 13:53

Findel's Express Gifts to undertake £12.5m refund programme - FCA

(ShareCast News) - Shares in Findel are down after the Financial Conduct Authority said its subsidiary, Express Gifts, will undertake a £12.5m customer-refund programme in relation to financial products it previously sold. Findel said at the time of its interim results in November 2016 that it had a

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27 Jan 2017 16:31

Directors dealings: Findel chairman picks up shares

(ShareCast News) - Findel's executive chairman, Ian Burke, picked up 40,000 ordinary shares in the multi-channel retailing specialist on 26 January, the company said in a statement. Burke paid a total of £82,000.00 for his new shares at an individual price of 205.0p. In a trading update issued on t

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26 Jan 2017 09:15

Findel On Track For Full Year As Sales Grow In Second Half So Far

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23 Nov 2016 16:10

UK Earnings, Trading Statements Calendar - Next 7 Days

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13 Oct 2016 15:15

Findel sales rise in H1, on track for full year

(ShareCast News) - Findel expressed confidence in delivering full-year results in line with current expectations as it reported growth in first-half sales. In a trading update ahead of its interim results, the home shopping and education business said first-half sales on a like-for-like basis were u

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22 Aug 2016 13:56

Findel's advisers eye retail specialist Terry Duddy as potential chairman - report

(ShareCast News) - Mail-order retailer Findel's advisers have approached former Argos and Homebase boss Terry Duddy about becoming the company's chairman, according to a report. Duddy was among several people being sounded out by Findel's advisers, Sky News has reported. Findel last month rebuffed

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1 Jul 2016 15:58

LONDON MARKET CLOSE: Stocks Close Week After Brexit Vote On A High

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1 Jul 2016 15:19

2nd UPDATE: Sports Direct Ups Findel Stake As Talks Confirmed (ALLISS)

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1 Jul 2016 14:15

UPDATE: Findel, Sports Direct Confirm Talks, Ashley Chairman Proposal

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1 Jul 2016 12:49

TOP NEWS: Findel In Talks With Sports Direct; Ashley Proposed Chairman

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14 Jun 2016 07:36

Findel Swings To Loss But Revenue Up As Express Gifts Ends Strongly

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7 Jun 2016 15:06

UK Earnings, Trading Statements Calendar - Next 7 Days

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6 Apr 2016 16:40

Findel climbs on back of Morgan Stanley buying

(ShareCast News) - Shares in Findel have attracted interest from shareholders in recent months, with Morgan Stanley the latest institution to take a position in what has long seemed an uninspiring home shopping and education company. Findel's stock was the highest riser among those listed in the FTS

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24 Mar 2016 08:54

Findel Sees Annual Profit In Line But To Book Series Of Charges

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23 Feb 2016 09:40

Findel Appoints Former Home Retail And Littlewoods Veteran To Board

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