Placing30 Mar 2017 14:21
Looks like they are doing a placing of 215 Million shares at NAV + a little bit more (to cover expenses). NAV on AIC website = 108.9 so call it 112p.
SP currently 129.1p (was 131 a few days ago - leak !!!).
As its a Placing and not a Rights Issue, yet again the BoD is stuffing Private Investor in favour of their City Chums. .
Pigs and Trough come to mind.