TalkTalk (IA) has accused TalkTalk of 'blatant disregard' for City guidelines after it raised £ 200 m in a new share placing to repair its balance sheet without shareholder approval. poses a serious threat to shareholder and investors’ interests – the UK’s pensioners and savers". The placing breached limits set by industry guidelines, said the TalkTalk , being equivalent to one of TalkTalk 's market value. TalkTalk insisted it had engaged with shareholders and respected their rights. The cash call coincided with a profit warning, citing increased costs from faster-than-expected subscriber growth, and the firm's tenth dividend cut in nine months . Sir Charles Dunstone has committed to investing £40m of the new cash.
TalkTalk (IA) has accused TalkTalk of 'blatant disregard' for City guidelines after it raised £ 200 m in a new share placing to repair its balance sheet without shareholder approval. The placing breached limits set by industry guidelines, said the TalkTalk , being equivalent to one of TalkTalk 's market value. TalkTalk insisted it had engaged with shareholders and respected their rights. The cash call coincided with a profit warning, citing increased costs from faster-than-expected subscriber growth, and the firm's tenth dividend cut in nine months . Sir Charles Dunstone has committed to investing £40m of the new cash.