17th Dec 2021 17:33
Conygar Investment Co PLC - property investment and development group - Raises GBP10.7 million through a placing of 7.1 million shares at a price of 150 pence each. Placing price reflects 7.7% discount to company's closing price on Thursday at 162.5p.
Proceeds will go towards progressing the Island Quarter site in Nottingham, including the construction of the first phase of the scheme, and bringing a new electricity substation to the site.
Liberum Capital acted as sole bookrunner in connection with the placing. Conygar Investment now has 59.6 million shares issued overall.
Current stock price: 157.88 pence
Year-to-date change: up 51%
By Dayo Laniyan; [email protected]
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