19th Mar 2015 09:36
LONDON (Alliance News) - Picton Property Income Ltd on Thursday said it has raised GBP35.2 million gross from a share placing.
Picton issued 51.4 million shares under the placing and the new fundraising brings the total amount raised under its share placing programme to GBP102 million.
It did not provide a price for the new shares issued, but the amount raised means the shares were issued at about 68.5 pence. Shares in Picton were down 0.6% to 69.325 pence on Thursday.
The placing was handled by JP Morgan Cazenove and Stifel Nicolaus Europe Ltd.
By Sam Unsted; [email protected]; @SamUAtAlliance
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