LONDON (Alliance News) - Merian Chrysalis Investment Co Ltd on Friday set a price of 110 pence per share to a previously announced placing to raise GBP50 million, after receiving positive response to the fundraising.
The proposed price represents a discount of 1.8% to the closing price on Thursday of 112p per share. Merian shares were trading up 0.5% at 112.50p on Friday.
Liberum Capital Ltd and Zeus Capital Ltd will act as joint bookrunners in relation to the placing, which is expected to close on Monday 1600 BST.
Admission of the news shares to trading is then expected to take place on April 18.
At the end of March, Merian announced the placing the company said it had a near-term pipeline of "attractive" investments suitable to its targets.