Noble Group shareholders approve $500m rights issue

It garnered 98.87% of votes.

Noble Group's shareholders have approved the company's plan to raise up to $500 million in a one-for-one rights issue.

The rights issue was first announced early in June. Proceeds will be used to further reduce Noble Group's debt.

The rights issue will be carried out at 5:00 PM on June 30 2016, at an issue price of $0.11 for each rights share.
 

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