Desmond agrees to underwrite Celtic share issue

FINANCIER Dermot Desmond has agreed to underwrite a fundraising issue at Glasgow Celtic football club.

Desmond agrees to underwrite Celtic share issue
Mon, 31 Oct, 2005 - 00:00
Ian Guider

Mr Desmond, the largest shareholder in the club, will underwrite £10 million (€14.6m) of the £15m (€22m) rights issue.

Celtic will issue one new share for every two held by existing shareholders at 30 pence a share 13p below closing price last week.

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CourtsPlace: EuropePlace: LondonPerson: DesmondPerson: Dermot DesmondPerson: Gordon StrachanPerson: ChairmanPerson: Brian QuinnEvent: Champions' LeagueOrganisation: CelticOrganisation: Glasgow CelticOrganisation: Alternative Investment Market
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