8th Apr 2022 10:58
HydrogenOne Capital Growth PLC - London-based hydrogen investment fund managed by HydrogenOne Capital LLP - Raises gross proceeds of GBP21.5 million via the issue of 21.5 million new shares at 100 pence each. The placing was oversubscribed and "well supported" by new and existing shareholders, the company says. Net proceeds will be used to fund investment manager's immediate and near term pipeline.
"The board continue to actively consider the implementation of a share issuance programme in the near term in order to fund the broader pipeline, currently in excess of GBP500 million, as this grows and matures," the company says.
Current stock price: 100.20 pence, down 1.2% on Friday
12-month change: up 0.2%
By Elizabeth Winter; [email protected]
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