Thomas Cook completes capital refinancing

Thomas Cook completes capital refinancing

Thomas Cook confirmed this morning that its previously announced capital re-organisation has now been completed.

Company shareholders voted yesterday in a ratio of 99.1% to 0.9% to support the refinancing proposals.

The group’s fully-underwritten rights Issue will now go ahead and Cook will receive around £305 million in proceeds.

The company announced that it will now have some 935 milion shares in issue alongside another 26.7 million warrants convertible into shares outstanding as a result of its capital re-organisation.

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