Hbos Tells Shareholders Why It Is Going to the Market ; Personal Finance

Summary

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HBOS, the Halifax/Bank of Scotland group, has begun sending circulars about its planned pounds 4 billion rights issue to more than two million private shareholders across the country, including some 322,000 in the Midlands.

The document contains the bank's reasons for going to the market to boost its balance sheet - it says it is prudent move to make at a time of rising economic uncertainty and volatile financial markets - as well information about voting arrangements.

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Hbos Tells Shareholders Why It Is Going to the Market ; Personal Finance

HBOS has the biggest private shareholder base in the country. Most of them have held their sh...

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