14th Sep 2022 19:07
Pantheon Infrastructure PLC - Investment trust managed by Pantheon Ventures and focused on infrastructure assets - Intends to raise GBP250 million through a placing, subscription and intermediaries offer for new C shares at 100 pence each.
Proceeds from the fundraise will allow the company to acquire further infrastructure assets, increase Pantheon's overall size, and provide enhanced secondary market liquidity in ordinary shares should the C shares be converted.
Pantheon reserves the right to increase the size of the issue of 350 million C shares.
Investec Bank is acting as sole sponsor and bookrunner.
"We are delighted with the portfolio that has been assembled for the company to date, comprising a diversified array of infrastructure businesses across sub-sectors and geographies. Investment in infrastructure remains critical to revitalise regional economies, improve access to opportunities for all in society and support the transition to net zero. Given the supportive infrastructure investment environment and attractiveness of the opportunity set, we are pleased to launch a new capital raise," says Chair Vagn Sorensen.
Current stock price: 102.50 pence
12-month change: down 1.3%
By Dayo Laniyan; [email protected]
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