Source - RNS
RNS Number : 5903K
HICL Infrastructure Company Ld
22 September 2016
 

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR PUBLICATION, RELEASE, OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN, OR INTO, THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY JURISDICTION IN WHICH THE SAME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

 

Tony Roper

Keith Pickard

Harry Seekings

+44 (0) 20 7484 1800

 

Canaccord Genuity Limited

 

Robbie Robertson

Dominic Waters

Neil Brierley

Will Barnett

David Yovichic

 

 

+44 (0) 20 7523 8000

Tulchan Communications

 

David Allchurch

Latika Shah

 

+44 (0) 20 7353 4200

Aztec Financial Services (Guernsey) Limited

Chris Copperwaite

Jacques Colley

+44 (0) 1481 748831

 

 

 

Important Information

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
The company news service from the London Stock Exchange
 
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