December 20, 2018 / 10:28 AM / 6 months ago

BRIEF-Kier Says Bookrunners Think Unlikely Subscribers Can Be Procured At 409 P/Share For Rump Placing

Dec 20 (Reuters) - Kier Group PLC:

* RESULTS OF RUMP PLACING

* BLOCKTRADE: KIER - BOOKRUNNERS OF OPINION IT IS UNLIKELY THAT SUBSCRIBERS CAN BE PROCURED AT A PRICE PER NEW SHARE WHICH IS AT LEAST EQUAL TO 409 PENCE/NEW SHARE

* BLOCKTRADE:KIER - JOINT BOOKRUNNERS TO SUBSCRIBE FOR 28.1 MILLION NEW SHARES, INSTITUTIONAL INVESTOR SUB-UNDERWRITERS SUBSCRIBING FOR 12.1 MILLION SHARES

* BLOCKTRADE-KIER - JOINT BOOKRUNNERS, INSTITUTIONAL INVESTOR SUB-UNDERWRITERS TO SUBSCRIBE FOR NEW SHARES AT 409P/SHARE ISSUE PRICE Source text for Eikon: Further company coverage:

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