Xafinity open share offer over-subscribed

Xafinity said the open offer part of its proposed £70m capital raising had been over-subscribed.

The company received applications in respect of 18,540,627 open offer shares, representing a proportion of approximately 176.06% of the shares offered.

In total, 9,907,771 open offer share are to be allotted, with an additional 622,709 allotted pursuant to an excess application facility, the company said.

At 8:25am: (LON:XAF) Xafinity Plc share price was -1p at 188.5p