Rolls-Royce says shareholders positive on $6.5 billion funding package
Business
Rolls Royce company logo
British engine-maker Rolls-Royce RR.L said a 5 billion pound ($6.47 billion) funding package announced on Thursday will take liquidity questions off the table and that conversations with shareholders about the rights issue had been positive.
“We have had a number of shareholder meetings, which have been constructive, and I think generally positive,” Rolls’s CFO Stephen Daintith told reporters on Thursday.
“Ultimately we think we’ve got a compelling package here for shareholders to vote on.”
Chief Executive Warren East added: “This is a comprehensive package which will take any liquidity questions off the table through this crisis.”
Source: reuters.com
Trending Business
Cedi stability partly due to NPP policies – Prof. Bokpin
08:51
We inherited 125 million Cedis, with an uncountable damaged and scraped Metro Mass buses-MD
08:41
SIC Insurance PLC to provide rewards system to high-performing agents
16:17
Don’t oversimplify Cedi gains – Prof. Gatsi caution Ghanaians
16:55
Tano North MP credits Bawumia, NPP for strong reserves buffering Cedi
12:15
Petrol price should have gone lower than what we’re experiencing at the pumps-Energy expert
13:42
Mahama attributes Cedi stability to strong economic policies and rising reserves
07:30
NLA corporate affairs head defends KGL contract amid calls for review
11:31
GPRTU announces 15% reduction in transport fares May 25
09:00
TAGG grabs strategic trade partnerships at SelectUSA 2025 Summit
03:46
