15th Nov 2021 20:40
Ruffer Investment Co Ltd - closed-ended investment company incorporated in Guernsey - Says it will raise GBP166.6 million via an open offer, offer for subscription and intermediaries offer. The investment manager says up to 56.2 million shares will be made available under the issue at a price of 296.50 pence a share, a 2.8% discount to Friday's closing price of 305.0 pence and 1.77% premium to its net asset value. Existing shareholders are being offered one new share for every four shares and an excess application facility will be available at management's discretion to allow shareholders to apply for more than their entitlement. Ruffer intends to use the net proceeds of the issue to acquire investments.
Current stock price: 302.00p
Year-to-date change: up 16%
By Arvind Bhunjun; [email protected]
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