Bluefield Solar Income Fund has announced the results of its recent placing. The company says that commitments for 60,000,000 new ordinary shares were received and will be issued at a price of 101p per share, raising gross proceeds of approximately £60.6m. The New Ordinary Shares, which represent approximately 19% of the issued ordinary share capital of the Company, prior to the issue, are expected to be admitted to trading at 8.00am on 24 October 2016. Following the admission of the new ordinary shares, the company says it will have 369,631,765 ordinary shares in issue. The company’s chairman, John Rennocks, says the new capital will enable them to seek further assets.
Bluefield Solar Income Fund’s placing raises £60.6m