Business

Rolls-Royce says shareholders positive on $6.5 billion funding package

British engine-maker Rolls-Royce RR.L said a 5 billion pound ($6.47 billion) funding package announced on Thursday will take liquidity questions off the table and that conversations with shareholders about the rights issue had been positive.

“We have had a number of shareholder meetings, which have been constructive, and I think generally positive,” Rolls’s CFO Stephen Daintith told reporters on Thursday.

“Ultimately we think we’ve got a compelling package here for shareholders to vote on.”

Chief Executive Warren East added: “This is a comprehensive package which will take any liquidity questions off the table through this crisis.”

Source: reuters.com

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