2nd Nov 2021 17:11
Schroder BSC Social Impact Trust PLC - investment firm focused on positive social impact as well as long-term capital growth and income - Proposes the issue of up to 25 million new shares through a placing at a price of 105 pence per share totalling GBP26.3 million.
Proceeds will go towards raising additional capital to invest in a near pipeline of attractive opportunities in line with the company's investment objectives.
Opportunities being considered includes a fund lending to UK charities, secured loans which allow communities to own renewable energy assets and a fund working to provide accommodation in London for the homeless.
Placing is expected to close at 1400 GMT on November 17.
Current stock price: 104.85 pence
Year-to-date change: up 2.3%
By Dayo Laniyan; [email protected]
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