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Rights issues

Language: English Series: Financial Times ; 21 February 1997, 18(1)Publication details: 1997Subject(s): Summary: Granchester Holdings announces a £65m rights issue. With shares trading at a premium of 7 per cent to average net asset value the temptation to raise cash for the property sector is considerable.

Granchester Holdings announces a £65m rights issue. With shares trading at a premium of 7 per cent to average net asset value the temptation to raise cash for the property sector is considerable.