28th Feb 2019 13:33
LONDON (Alliance News) - RM Secured Direct Lending PLC said Thursday that it will raise new capital via a share placing to satisfy demand for new shares and provide additional funding for investment opportunities.
The investment trust, which specialises in secured debt investments, in January said that it had deployed all cash available for investment and had subsequently utilised some of its GBP10 million revolving loan facility.
Since then, the company has fully committed its loan facility and continues to identify a pipeline of opportunities across a range of sectors in line with its investment strategy.
The new ordinary shares will be issued at a placing price of 100 pence per share, a discount of 1.5% to the closing price of 101.5 pence per share on Wednesday.
Shares in RM Secured Direct Lending were down 0.9% at 100.55 pence on Thursday.
Related Shares:
RMDL.LRMDZ.L