17th Feb 2021 11:04
Chrysalis Investments Ltd - investor in fast-growing, tech-enabled private companies in UK and Europe - Seeks shareholder approval to issue up to 600 million shares through a placing. Says it intends to use the cash raised from placing to fund new investments, adding investment adviser Merian Global Investors UK Ltd has a "strong" pipeline of investment opportunities totalling around GBP1 billion and has identified potential follow-on opportunities of up to GBP250 million that may be available over the coming months. It will hold an extraordinary general meeting on March 8 to seek approval.
Current stock price: 215.22 pence
Year-to-date change: up 14%
By Ife Taiwo; [email protected]
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