Shareholders in Waterford Wedgwood have approved the completion of the luxury goods company's latest fund-raising moves.
Earlier the company said an open offer of shares had been taken up by shareholders representing just over 78% of the total number of shares offered. This raised €79.6m before expenses. The shares not taken up will be part of a share placing.
Chairman Dr Tony O'Reilly and deputy chairman Peter Goulandris subscribed for €60m worth of shares.
Waterford has said the money will be used to implement an accelerated programme of cost-cutting, to reduce debt and to increase advertising and marketing of its brands.
