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HICL Infrastructure PLC - London-based infrastructure investment firm - Raises GBP160.0 million via issue of 94.7 million shares at price of 169.0 pence each, noting strong support from both existing and new investors. Proceeds to be used to restore capacity within GBP400 million revolving credit facility and provide additional financial resources to pursue "attractive" near-term pipeline. "We are pleased with the strong investor support shown for this issue from both retail and institutional investors. The defensive attributes of the company's portfolio, including high inflation protection and low correlation to wider equity markets, are clear attractions for investors against the broader market backdrop," says Chair Ian Russell.
Current stock price: 171.10p, up 1.2% in London on Friday
12-month change: up 0.8%
By Lucy Heming; lucyheming@alliancenews.com
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