Anglo Irish Bank to raise 542 mln eur via placing; sees FY in line UPDATE |
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Published
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Thu, 01 Feb 2007 13:41
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(Recasts lead to give the amount raised, placing price)LONDON (AFX) - Anglo Irish Bank Corporation PLC said it plans to raise gross proceeds of 542 mln eur by placing 35.71 mln shares at 15.20 cents a share to fund business expansion.In comments alongside the placing news the group's chief executive David Drumm said the board is have ry confident' of the Bank's future.He said that, based on current trading performance, the bank does not anticipate any reduction to the existing market EPS consensus for 2007 of around 115.5 cents.'The strength of Anglo's franchise and level of organic opportunity available in each of our chosen markets remains compelling over both the medium and longer term,' Drumm continued.He said the new capital being raised in the placing will put the bank in an 'excellent' position to deliver strong growth and continue to generate superior shareholder returns well into the future.newsdesk@afxnews.comslm/tsm/vlbCOPYRIGHTCopyright AFX News Limited 2006. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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Anglo Irish Bank in bookbuilt placing of 35.7 mln new shares; sees FY in line 