EJF Investments has announced a proposed placing of at least 10% of the company's existing issued share capital at 146p apiece.
It said the new ordinary shares would be issued under the company's existing general authority to issue up to 60 million ordinary shares and/or C shares on a non-preemptive basis.
It said the placing price represented a premium of 1.67% to the unaudited net asset value per existing ordinary share (146 pence as at 31 May , net of the interim dividend of 2.4 pence per ordinary share declared on 22 June, resulting in an adjusted NAV per existing ordinary share of 143.6 pence as at today's date.
The company also confirmed that all resolutions proposed at its annual general meeting yesterday were passed.
At 8:18am: (LON:EJFI) EJV Investments Ltd share price was 0p at 147p