16th Nov 2020 14:38
Bluefield Solar Income Fund Ltd - Guernsey-based income fund that invests primarily in solar assets - Plans to raise up to GBP45 million through the placing of a maximum of 36.5 million shares at a price of 124 pence each, reflecting a discount of 7.1% from Friday's closing price at 133.50p.
Cash raised will go toward future acquisitions or to repay the company's revolving credit facility. Numis Securities will act as placing agent.
Current stock price: 130.86 pence for GBP485 million market cap
Year-to-date change: down 7.5%
By Dayo Laniyan; [email protected]
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