THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR PUBLICATION, RELEASE, OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN, OR INTO, THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL.
22 September 2016
HICL Infrastructure Company Limited
Result of Equity Issue
Further to its announcement of 19 September 2016, the Board of HICL Infrastructure Company Limited (the "Company") is pleased to announce that the Company has raised gross proceeds of £113.4m through the issue for cash, subject to listing, of 66,727,515 Ordinary Shares of 0.01 pence each (the "New Ordinary Shares") in the Company (the "Issue"). The Issue Price per New Ordinary Share was 170.0 pence. The Issue was materially oversubscribed, and accordingly was increased from its initial target size of £76m.
Application has been made for the New Ordinary Shares to be admitted to the premium segment of the Official List and to trading on the Main Market of the London Stock Exchange. It is expected that dealings in the New Ordinary Shares will commence at 8.00 a.m. on 26 September 2016.
Following the issue of the New Ordinary Shares on 26 September 2016, the total number of voting rights in the Company will be 1,456,737,660, with such number to increase further to 1,457,706,805 on 30 September 2016 following the issue of Ordinary Shares pursuant to the scrip dividend alternative, as detailed in the Company's announcement of yesterday. These figures may be used by shareholders in determining the denominator for the calculation by which they will establish if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.
Ian Russell, Chairman of HICL Infrastructure Company Limited, said:
"We are pleased to see a continued healthy level of demand for the Company's shares, further highlighting confidence in HICL's investment proposition to investors. The Investment Adviser is evaluating a pipeline of attractive opportunities that fit HICL's strategy of seeking suitable investments positioned at the lower end of the risk spectrum."
For further information, please contact:
InfraRed Capital Partners Limited
+44 (0) 20 7484 1800
Canaccord Genuity Limited
+44 (0) 20 7523 8000
+44 (0) 20 7353 4200
Aztec Financial Services (Guernsey) Limited
+44 (0) 1481 748831
This Announcement contains Inside Information as defined under the Market Abuse Regulation (EU) No. 596/2014.
This Announcement has been issued by and is the sole responsibility of the Company.
This information is provided by RNS