HICL Infrastructure To Raise GBP25 Million Through Tap Issuance (ALLISS)

LONDON (Alliance News) - FTSE 250-listed infrastructure investor HICL Infrastructure Co Ltd on ...

Alliance News 18 March, 2016 | 7:25AM
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LONDON (Alliance News) - FTSE 250-listed infrastructure investor HICL Infrastructure Co Ltd on Friday said it plans to raise GBP25.0 million through a tap issuance.

The net proceeds from the issue will be used to back HICL's funding requirements, it said, with the rest to be used to support further acquisitions.

The company intends to issue 16.0 million shares under the issue, with the price set through a bookbuilding process run by broker Canaccord Genuity, which will start on Tuesday.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

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Securities Mentioned in Article
Security Name Price Change (%) Morningstar
Rating
HICL Infrastructure Company Ord 157.40 GBX -0.69 -
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