Only 26.3% of the 拢80m shares on offer were signed up for by yesterday鈥檚 deadline, leaving Morgan, whose Bridgemere Securities vehicle had underwritten the issue, having to pick up the rest. This has left him with 40.4% of the company.
Shares were offered at 130p 鈥� an 11% premium on the 117p at which they were trading .
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