13th Dec 2016 16:15
LONDON (Alliance News) - Ranger Direct Lending Fund PLC said Tuesday that its open offer and initial placing of shares has raised a total of GBP16.1 million.
Ranger Direct said that 1.2 million C shares were subscribed for under the open offer at a price of 1,000 pence a share, raising GBP12.0 million, but noted this was less than half of the shares offered.
The company also placed 407,584 C shares at the same price, raising GBP4.1 million.
Share in Ranger Direct Lending Fund were up 1.8% at 1,176.20p Tuesday afternoon.
By Adam Clark; [email protected]
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