In QuotedData’s other news 3 October 2019
- 3i Infrastructure will issue up to 81m new shares through a placing. The price will be determined through a book build – where investors say what price they are prepared to pay and the deal is done at the highest price that allows the fund to issue all the shares. Money raised will be used to pay down debt.
- Gresham House Energy Storage is raising money via a placing of up to 56,162,000 new shares at 103p. The price is a 1.9% discount to the last closing price but a premium to NAV. The money will be invested in more energy storage projects.
- Witan Pacific needs to beat its benchmark over the two years ended 21 January 2021 or investors get offered a full cash exit at NAV. At 30 September 2019, NAV performance was running 1.9% behind the benchmark.
- Supermarket Income REIT raised £100m, issuing 98,039,215 shares at 102p. This was double what it was originally looking for but the issue was still oversubscribed.
We also have results from TR European Growth.