John Laing Environmental Assets Raises GBP15.5 Million By Placing (ALLISS)

7th Mar 2018 13:35

LONDON (Alliance News) - John Laing Environmental Assets Group Ltd said on Wednesday it has raised GBP15.5 million through the issue of 15.6 million shares at a price of 99.5 pence per share.

Shares in the environmental infrastructure-focused investment fund were up 1.2% at 100.38 pence on Wednesday.

Proceeds from the placing will go towards paying down the company's revolving credit facility and allow it to deliver on its pipeline of opportunities in the Biomass and Anaerobic Digestion sectors to diversify the fund's portfolio.

John Laing now has 397.1 million shares issued overall.

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