SIG, the roofing and insulation specialist, is considering a heavily discounted rights issue to shore up its balance sheet
Reports suggest the company, which is based in Sheffield, is looking to raise as much as 拢300m. Talks are understood to be at an early stage.
The collapse of the housing market hit SIG hard. Its share price fell from 拢13 in early 2007 to 96.5p last week. It had net debts of 拢710m at the end of December.
SIG said that it was 鈥渃onsidering a range of options including a potential equity raising鈥�, and that it would make an announcement in due course.
Earlier this month building materials giant Wolseley said it would ask investors for 拢1bn and rival CRH said it wanted to raise 鈧�1.28bn (拢1.2bn).
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