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24 Aug 2012 16:46
Date: | 24 August 2012 |
On behalf of: | Infrastructure India plc ("IIP" or the "Company" or, together with its subsidiaries, the "IIP Group") |
Immediate release | |
Infrastructure India plc
Completion of Placing of Ordinary Shares
Publication of Annual Report
Further to the announcement of 23 August 2012, Infrastructure India plc, an AIM listed infrastructure fund investing directly into assets in India, announces that the proposed placing of 123,899,118 new ordinary shares of 1p each ("Ordinary Shares") in the Company ("Placing Shares") at a price of 33p per share (the "Placing Price") has been closed, raising approximately £40.88 million (before expenses) (the "Placing"). The Placing was underwritten by GGIC IIP Holdings, L.P. (the "Underwriter"), an affiliate of Guggenheim Global Infrastructure Company Limited ("GGIC").
The Company is pleased to announce that it has placed 19,723,403 Placing Shares with certain of its existing shareholders, other than the Underwriter. As a result, the Underwriter will subscribe for, in aggregate, 104,175,715 Placing Shares.
Application has been made for the 123,899,118 Placing Shares to be admitted to trading on AIM ("Admission") and dealings are expected to commence on 28 August 2012.
Following Admission, GGIC, directly and indirectly, will have an interest in 172,835,780 Ordinary Shares, representing 50.44% of the Company's enlarged issued share capital.
The Company advises shareholders that its annual report for the year ended 31 March 2012 is now available on its website at www.iiplc.com.
- Ends -
Enquiries:
Infrastructure India plc | www.iiplc.com |
Sonny Lulla |
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Smith & Williamson Corporate Finance Limited | +44 (0)20 7131 4000 |
Nominated Adviser & Joint Broker |
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Azhic Basirov / Siobhan Sergeant |
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Investec Bank plc | +44 (0)20 7597 5970 |
Financial Adviser & Joint Broker |
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Jeremy Ellis / Tim Mitchell |
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Merlin | +44 (0)20 7726 8400 |
Financial Public Relations | |
Paul Downes / Toby Bates |
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