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- Invesco subscribes for 76.7% of Funding Circle SME Income Fund’s £14.5m placing
Funding Circle SME Income Fund has announced the results of its recent placing. 14,285,000 ordinary shares were placed at a price of £1.0153, raising gross proceeds of £14,503,561. The new shares are expected to be admitted to the LSE’s main market on 25 July 2016.
The company says that two of the investors who participated in the Placing, Invesco Asset Management Limited, acting as agent for and on behalf of its discretionary managed clients and Railways Pension Trustee Company Limited are related parties of the Company for the purposes of the Listing Rules and have subscribed for 3,714,075 Ordinary Shares for £3,770,900 and for 7,239,239 Ordinary Shares for £7,349,999 respectively. These two parties account for 76.7% of the gross proceeds raised.
Invesco subscribes for 76.7% of Funding Circle SME Income Fund’s £14.5m placing : FCIF