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Ladbrokes gets it's cash

Ladbrokes gets it's cash

Investors still clearly like the Ladbrokes brand and potential judging by reports in the London business press this week that the last 5 percent of the company's GBP 375 million rights issue has been taken up.

Shareholders in Ladbrokes agreed to buy the shares following the company's cash call on 8 October to cut its debt burden. The last 5 percent of the issue was taken up at 136p per new ordinary share

The betting firm has said it will not pay a final dividend this year, with its net debts standing at GBP 962 million.

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