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.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
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
jh
-
8 of the best properties for sale for around £1 millionThe best properties for sale for around £1 million – from a Grade II-listed former watermill in Torpoint, Cornwall, to a two-bedroom apartment close to London’s Kensington High Street
-
Inheritance tax reforms: government urged to rethink curbs on rural reliefsMPs want the government to delay changes to inheritance rax reliefs for farmers
