Investors Lose Sanctuary

Daily MailFebruary 05, 2006

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Summary


LONG-suffering investors were all but tuned out of music group Sanctuary as it announced plans for a Pounds 110m fundraising to pay down its debts.

They will be left with less than 1pc of Sir Elton John's management firm after it sells 220m new shares at 0.25p each, a 67pc discount to the market price of 0.73p (down 0.02p).

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Investors Lose Sanctuary

'This will help to put a line...

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