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T& B offer over-subscribed

12th July 1986, Page 9
12th July 1986
Page 9
Page 9, 12th July 1986 — T& B offer over-subscribed
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Which of the following most accurately describes the problem?

• Tibbett and Britten, the hanging garment and distribution specialist, has been successfully sold on the Stock Exchange.

The management-owned company (CM, July 5) has sold all 9.14 million of the 5p shares it was offering for 120p each. Indeed, the offer was oversubscribed 12.4 times.

Preferential applications were received and accepted from 117 members of management and staff for 267,700 shares.

[]We regret that an error at our printers last week led to a photograph of South Eastern Licensing Authority Randall Thornton appearing on p14 above a caption referring to John Harvey, chairman of Tibbett and Britten, and apologise for any inconvenience caused. The correct picture appears here.