13th Nov 2014 10:56
LONDON (Alliance News) - NextEnergy Solar Fund Ltd Thursday said it will raise GBP95.5 million in a share placing, having seen higher-than-expected interest in the issue.
The fund said it will now issue 91 million new shares, raising GBP95.5 million. That means the shares were issued at 104.9 pence per share, according to an Alliance News calculation.
It had originally targeted an issue of 75 million new shares.
Shares in the company are untraded on Thursday, having last traded at 105.375 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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