HICL Infrastructure issues 100m new shares

Infrastructure investment company HICL on Tuesday announced a placing, open offer and offer for subscription with a target size of 100m new shares at an issue price of 119.5p each.

Infrastructure investment company HICL on Tuesday announced a placing, open offer and offer for subscription with a target size of 100m new shares at an issue price of 119.5p each.

The transaction is expected to raise £119.5m before expenses, but the issue can be increased to 140m shares to raise £167.3m.

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