Aberdeen Standard European Logistics Income PLC - investment firm - Raises GBP19.4 million through oversubscribed placing of 18.5 million shares at a price of 105 pence each.
Proceeds will go towards taking advantage of an "attractive pipeline of investment opportunities".
"We are very pleased with the support shown from our existing and new shareholders. By utilising the total remaining issuance authority and the company's EUR40 million loan facility, the investment manager has sufficient capital to fund its near-term pipeline. We also hope to announce the completion of the company's fifteenth acquisition later this month," says Chair Tony Roper.
Current stock price: 105.89 pence
Year-to-date change: down 2.4%
By Dayo Laniyan; dayolaniyan@alliancenews.com
Copyright 2021 Alliance News Limited. All Rights Reserved.
Abrdn Euro Log (ASLI)