ARTICLE | Financial News

Imperial Innovations planning rights issue

December 8, 2010 1:09 AM UTC

Technology commercialization and investment company Imperial Innovations Group plc (LSE:IVO) plans to raise L140 million ($219.9 million) through the sale of shares at 350p per share in a rights issue underwritten by JPMorgan. The price is a 27% discount to Imperial's close of 477.5p on Monday, before the offering was announced. Shareholders are eligible to purchase two shares for every three held. ...