HICL Infrastructure PLC - infrastructure investor - reports "very strong" support for proposed equity fundraising from both existing and new investors. Decides to issue 73.2 million shares at a price of 164p each, raising GBP120 million. "Given the overall level of subscription, applications from investors have been scaled back materially," said HICL.
Current stock price: 167.00 pence
Year-to-date change: down 2.1%
By Lucy Heming;Â lucyheming@alliancenews.com
Copyright 2020 Alliance News Limited. All Rights Reserved.
HICL Infrastructure (HICL)