29th Oct 2015 11:16
LONDON (Alliance News) - River and Mercantile UK Micro Cap Investment Co Ltd on Thursday said it has raised GBP19.5 million via a share issue to back its investment strategy.
The fund issued 16.7 million shares at 117.18 pence per share. Shares in the company were down 1.4% to 117.32p on Thursday.
The funds are to be used to back the company's investment policy, focused on micro-cap companies in the UK.
By Sam Unsted; [email protected]; @SamUAtAlliance
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