Bluefield Solar Income raises £31.62m of new capital

Bluefield Solar Income Fund has announced that, following its placing and offer for subscription, it has received commitments for 30,098,639 new ordinary shares under the placing and 901,361 new ordinary shares under the offer for subscription. As such, 31.0m new ordinary shares are to be issued at a price of 102p per share, raising gross proceeds of approximately £31.62m. The new shares represent approximately 11.13% of the issued ordinary share capital of the company prior to this issue. The shares are expected to be admitted to trading on the London Stock Exchange on 4 December 2015 and are not entitled to receive the interim dividend in respect of the year to 30 June 2016 (due to be paid on 15 December 2015). Following Admission, the number of Ordinary Shares that the Company has in issue will be 309,417,224.

Bluefield Solar Income raises £31.62m of new capital : BSIF