Rank Group reacts to press speculation

The Rank Group has reacted to recent press speculation regarding the possibility of the company undertaking an equity issue.

The board continuously reviews the company’s financial position and confirms it is in discussions with its advisers regarding a potential equity issuance of up to a maximum of 19.9 per cent of its issued share capital.

Such an equity issuance would be intended to strengthen Rank’s balance sheet in this unprecedented trading environment. There can be no certainty that the equity issuance will proceed.