14th Jun 2022 14:21
Foresight Sustainable Forestry Co PLC - forestry investment trust, managed by private equity firm Foresight Group LLP - Plans placing of new shares at 107 pence each to raise investment capital to put toward an acquisition pipeline that has GBP76.8 million in deals under option or exclusivity. The offer price compares to net asset value per share on March 31 of 104.2p. Doesn't say how much it intends to raise in the placing, which will be run by Jefferies International Ltd, but says largest shareholder Blackmead Infrastructure Ltd has committed to buy up to 29.99% of the new shares on offer, and the majority of the board and both fund managers will participate. Also will launch an offer for subscription for retail shareholders worth up to EUR8.0 million. Read More
