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Retailer DFS share issue priced at a premium; stock jumps

Published 23/04/2020, 08:35
© Reuters.
DFSD
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(Reuters) - British sofa retailer DFS Furniture (L:DFSD) said on Thursday it placed 42.3 million shares at a premium of 16% through a stock offering to shore up its liquidity to weather the fallout of the coronavirus crisis.

Shares of the company surged 18% to 152.2 pence by 0711 GMT.

Each share was placed at 150 pence a piece, compared with Wednesday's close of 129 pence, with the offering expected to raise proceeds of about 64 million pounds, the company said. OLGBBUS Reuters UK Online Report Business News 20200423T073436+0000

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