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GCP Infrastructure placing to raise £50m

10 July 2017 07:43

GCP Infrastructure said it would seek to raise gross proceeds of around £50 million through a placing of ordinary shares under its 2017 placing programme.

It said the placing was being effected in order to allow the company to take advantage of a number of attractive investment opportunities in the near term and in accordance with its investment objective and policy.

It said the placing price had been set at 124 pence per ordinary share - a discount of 3.5p to the closing market price on 7 July.

Story provided by StockMarketWire.com

Related Company: GCP

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