Investors take up 87% of CRH rights issue

CRH announced today investors had taken up 87 per cent of the shares available in a rights issue that closed on Tuesday.

CRH announced today investors had taken up 87 per cent of the shares available in a rights issue that closed on Tuesday.

Under rights-issue rules, shareholders have an option or right to buy more shares in a company - normally at a discount to the market price.

CRH confirmed it got valid acceptances for 89,869,802 rights shares - about 86.7 per cent of the 103,622,311 rights shares on offer at euro 10.50 per share.

The remaining shares were sold to the market at euro 16.50 per share.

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The rights issue was underwritten by UBS Warburg and Davy stockbrokers.