Capital Pub Company to tap investors for acquisitions

16 June 2010
Capital Pub Company to tap investors for acquisitions

The Capital Pub Company is to tap its investors for millions of pounds in order to build a war chest for pub acquisitions.

In a circular to investors ahead of a general meeting on 30 June, the firm said it would propose to issue 5,571,000 ordinary shares.

Normally, the company would propose to issue new shares at its AGM, which is scheduled for September this year.

But the firm said: "There are some earnings-enhancing opportunities that the directors are keen to pursue in the short term."

The company will announce its results for the financial year ended 27 March 2010 on Wednesday,

23 June.

Capital Pub Company buys two London pubs amidst ‘robust' trading >>

Capital Pub Company sells pub for £3.5m to reduce debt >>

Capital Pub boss backs competition inquiry into beer ties >>

By Neil Gerrard

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