Good morning!
There are quite a few things I might look at today. For completeness, here are all the RNS announcements I’ve been checking out:
Thomas Cook (LON:TCG)Avanti Communications (LON:AVN)IG Design (LON:IGR)Thalassa Holdings (LON:THAL)Fulham Shore (LON:FUL)Headlam (LON:HEAD)Wey Education (LON:WEY)Proactis Holdings (LON:PHD)OptiBiotix Health (LON:OPTI)
Thomas Cook (LON:TCG)
Share price: 5.9p (-17%)No. of shares: 1536 millionMarket cap: £91 millionUpdate on proposed recapitalisation plan
The end is approaching for existing shareholders’ ownership of this PLC.
The company says that getting shareholder support for its recapitalisation plan is “preferred” (implying that there will be a recapitalisation with or without shareholder support) but that existing shareholders will be “significantly diluted”.
The Chinese group Fosun will put £450 million in and get:
at least 75% of the Tour Operator and 25%…
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