17th Dec 2019 09:29
(Alliance News) - RIT Capital Partners PLC on Tuesday said it will issue 1.5 million new shares as consideration for its investment in global investment and merchant banking firm LionTree.
Investment trust RIT Capital, which has its registered office in London, is investing in LionTree's technology investment banking advisory business. The shares will be issued at a premium to RIT Capital's net asset value.
LionTree, founded in 2012, focuses on investment and merchant banking for companies operating within the creative digital economy.
Shares in RIT Capital were down 0.9% at 2,145.00 pence in London on Tuesday morning.
By Anna Farley; [email protected]
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