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GCP Infrastructure increases placing to £70m

14 July 2017 08:00

GCP Infrastructure has increased the size of its placing from the targeted £50m to £70m after it was significantly oversubscribed.

It said that in light of the investment opportunities available to the company in the near term and demand from investors for its shares, the board had exercised its discretion to increase the size of the placing.

The company said 56,451,613 new ordinary shares would be issued at 124.0p apiece.

At 8:00am: (LON:GCP) GCP Infrastructure Investments Ltd share price was +0.3p at 125p

Story provided by StockMarketWire.com

Related Company: GCP

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