June 29 (Reuters) - DS Smith Plc:
* Announces its intention to raise approximately £285 through an underwritten placing of new ordinary shares of 10 pence each
* Gross proceeds of proposed placing represent approximately 7 per cent. Of company’s current market capitalisation based on closing share price on 28 june 2017
* Net proceeds of placing are to be used to fund part of cash portion of consideration for proposed acquisition by ds smith Source text for Eikon: Further company coverage:
