HICL shareholders get their fill

Infrastructure investment firm HICL Infrastructure said that all shareholders who applied for shares in its open offer will have their applications allotted in full.

Applications from existing shareholders were received in respect of 82.7m of the 111m convertible C shares available under the open offer.

Applications under the offer for subscription amounted to 10m C shares, and all of these applications will also be met in full.

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That leaves around 157m C shares that will be placed with institutional investors.

All shares have been sold at 100p a share.

Further details of the placing, open offer and subscription offer are available on this URL: https://www.sharecast.com/cgi-bin/sharecast/story.cgi?story_id=19984065

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