WHSmith launches equity fundraising to beat coronavirus downturn

WHSmith is placing shares to bolster finances as it fights the impact of coronavirus

WHSmith plans to raise cash through an equity issue as it battles the business impact of the coronavirus outbreak.

WHSmith, which was hit hard by the pandemic’s effect on its travel stores as lockdowns and flight restrictions were introduced by governments across the world, said it was at an ”advanced stage” of preparations for a share placing representing a maximum of 13.7% of its issued share capital.

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