Moorfield shareholders cold-shoulder 28p offer

Article Abstract:

Moorfield Estates is looking to raise 14.5 million pounds sterling to boost the quality and lot size of the properties in its portfolio. However, existing shareholders took up only 49.69% of the 51 million new shares which the company offered at 28p in Jul 1996. There have also been problems with some institutional shareholders, with TR Property Investment Trust, for example, selling its 5% stake shortly after the fund-raising deal was announced.

Investment Offices, Investment Companies, Open-End Investment Funds, Finance, Mutual funds, Investor relations, Moorfield Estates PLC

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From the receiver's end

Article Abstract:

Dealing with Rosehaugh group after its collapse in Dec 1992 with debts of 350 million pounds sterling was an extremely complicated task, according to receiver Roger Oldfield, of KPMG. It was particularly difficult to reach agreement with British Land over Rosehaugh's half of the Broadgate Properties shares. Oldfield is still involved with Rosehaugh, and is currently working on the disposal of the East Croydon Station site.

Management, Interview, Receivers (Law), Rosehaugh PLC, Oldfield, Roger

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