John Laing Environmental Assets has announced that its placing has raised gross proceeds of £35.19m through the issue of 36m ordinary shares at 97.75p per ordinary share. The company says that the net proceeds of the Placing will be used to repay amounts drawn down on the Company’s revolving credit facility. The company expects that the new shares will be admitted to trading on 1 June 2016. The New Shares will be entitled to the dividend for the quarter to 30 June 2016, which is expected to be paid in September 2016. The company says that, following admission of the new shares, it expects to have 260,356,435 ordinary shares in issue.
John Laing Environmental Assets raises £35m : JLEN