27th Nov 2013 15:24
LONDON (Alliance News) - Picton Property Income Ltd Wednesday said it raised gross proceeds of about GBP11.9 million in a placing of 22.2 million more shares, about 6.2% of its existing share capital, funds it will use for capital projects within the existing portfolio and further investments in the property market.
The company said the placing was done at a price of 53.5 pence a share.
Picton shares were down 0.7% at 54.63 pence Thursday morning.
By Steve McGrath; [email protected]; @SteveMcGrath1
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