Informa expects £1bn from oversubscribed share offer

Taylor & Francis owner Informa says it expects to raise £1bn through its emergency share offer, adding that its placement yesterday (16th April) was oversubscribed within two hours.
The group made the share offer, representing around 19.9% of its capital, after warning its events business has been badly hit by the coronavirus pandemic, forcing it to axe events worth around £450m.