Plans to strengthen balance sheet at Superglass likely to dilute shareholder equity

Superglass, a manufacturer of glass mineral fibre insulation products, said Wednesday that it plans to strengthen its balance sheet, but warned this is likely that any refinancing measure would result in significant dilution to existing shareholders' equity.

Superglass, a manufacturer of glass mineral fibre insulation products, said Wednesday that it plans to strengthen its balance sheet, but warned this is likely that any refinancing measure would result in significant dilution to existing shareholders' equity.

The company said that trading conditions continue to be "extremely challenging" and that the delay in the recent transition from CERT to Green Deal is causing a major gap in activity within the retrofit market for both loft and cavity insulation.

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