20th May 2015 08:53
LONDON (Alliance News) - John Laing Environmental Assets Group Ltd on Wednesday said it intends to raise GBP45 million via a share issue and is planning to create a placing programme.
The investment vehicle said it intends to raise GBP45 million via a share issue to repay its existing credit facility and fund further acquisitions. It did not provide information on the number of shares to be issued or the price at which they would be issued.
In addition, John Laing Environmental Assets said it intends to initiated a placing programme involving the issue of up to 150 million shares in the company. It did not provide any pricing details on the shares.
"The company is now well placed for the next phase of growth that this equity raising will allow us to achieve," said Richard Morse, the company's chairman.
Shares in John Laing Environmental Assets were flat at 105.387 pence on Wednesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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