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Picton raises £7.0m

22 January 2015 14:51

Picton Property Income has raised £7.0m, gross, through the issue of 10,294,118 new ordinary shares at 68.0p apiece.

The issue price represents a premium to the closing share price of 67.75p per share on 21 January as well as the last published net asset value per share of 66.0p per share.

The company expects to use these proceeds to finance property investment opportunities currently under consideration.

At 2:51pm: (LON:PCTN) Picton Property Income Ltd share price was +0.88p at 68.63p

Story provided by StockMarketWire.com

Related Company: PCTN

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