UK eases cash call cap to help coronavirus-hit companies raise cash
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LONDON (Reuters) - Existing investors in UK-listed companies will be allowed to buy a bigger share of rights issues, in a move that could make it easier for firms hit by the coronavirus epidemic to raise cash.Under current "pre-emption" rights best practice, existing investors have first refusal on up to 10% of a rights issue in proportion to what they already hold.The Pre-Emption Group of listed companies, investors and intermediaries in Britain said on Wednesday the "unparalleled" economic..