News

Issue of Ordinary Shares – HICL

4 April 2019 Investments
Following the Interim Management Statement of 10 February 2014, the Board of HICL Infrastructure Company Limited (the “Company”) is pleased to announce that the Company has raised gross proceeds of approximately £23m through the issue for cash, subject to admission to trading, of 17,037,000 new Ordinary Shares of 0.01 pence each (the “New Ordinary Shares”) in the Company (the “Issue”). The Issue Price per New Ordinary Share was 135.0 pence.

Application has been made for the New Ordinary Shares to be admitted to the premium segment of the Official List and to trading on the Main Market of the London Stock Exchange. It is expected that dealings in the New Ordinary Shares will commence at 8.00 a.m. on 4 March 2014.

Following the issue of the New Ordinary Shares, the Company retains authority from Shareholders to issue a further c.37m Ordinary Shares on a non pre-emptive basis by way of tap issue. It is the intention of the Board to utilise that tap issuance authority as and when the Directors deem appropriate, having regard in particular for the Company’s net funding requirement at the time.

Following the issue of the New Ordinary Shares, the capital will consist of 1,207,428,625 Ordinary Shares with voting rights. Shareholders may use this figure as the denominator for the calculations by which they determine whether they are required to notify their interest in, or a change to their interest in the Company under the FCA’s Disclosure and Transparency Rules.

Further reading