If you as good as give new shares away in a rights issue, unless liquidation is staring you in the face, takeup is likely to be high, so despite market conditions, it is not too surprising that the new management at Compsoft Holdings Plc got 97.9% acceptances for its deep discount rights issue, which was made at 30 pence per share against a postsuspension market price of 110p; even after the whirlwind that hit the markets on October 19, the shares are still trading at 45p.
COMPSOFT HOLDINGS GETS 97.9% ACCEPTANCES FOR ITS DISCOUNT RIGTHS ISSUES
