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SQN says £30m placing significantly oversubscribed

05 June 2015 07:36

SQN Asset Finance Income Fund Limited has raised gross proceeds of £30m through the issue of 28,985,507 shares at 103.5p each, subject to admission.

The Placing was significantly oversubscribed with total applications received in excess of three times the maximum issue size. Placing applications have been scaled back accordingly.

Net proceeds of the Placing will be used to fund committed transactions and further opportunities in the pipeline.

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