19th Jun 2018 11:37
LONDON (Alliance News) - TOC Property Backed Lending Trust PLC said Tuesday it had raised GBP1.3 million through an accelerated bookbuild run by finnCap Ltd.
The trust had aimed to raise GBP1.5 million - through the issue of 1.5 million shares at a price of 100 pence per share, and the company fell approximately GBP200,000 short of this goal and issued 1.3 million shares.
Following the admission of its new shares, the trust's share issue will be 26.9 million.
Shares in TOC were untraded on Tuesday, last quoted at 100.20p.
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