30th Apr 2021 09:43
(Alliance News) - JTC PLC said it raised GBP65.9 million in a share placing, with the funds going towards acquisitions.
The Jersey-based provider of fund, corporate and private client services said 10.6 million shares were placed at 620 pence each.
Shares in the company were 1.1% higher at 638.00p each in London on Friday morning.
"We are delighted to have completed our first placing since listing in 2018 and are grateful for the support shown by our investors, in particular our existing shareholders and we are pleased to welcome a number of new high-quality institutional shareholders to the register," Chief Executive Officer Nigel Le Quesne said.
"As we begin our latest five-year business plan cycle, the proceeds will allow the group to capitalise on a high quality pipeline of near-term acquisition opportunities with certainty of funding and to continue to deliver on our disciplined and proven approach to inorganic growth in a consolidating sector."
By Eric Cunha; [email protected]
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