5th Mar 2020 16:11
(Alliance News) - Worsley Investors Ltd said on Thursday it has raised gross proceeds of GBP3.8 million through an open offer.
The investment firm, formerly known as AXA Property Trust, said it received valid acceptances from shareholders in respect of around 12.6 million new shares at 30 pence each.
The stock was trading 5.7% lower at 28.00 pence each on Thursday afternoon in London.
In January, Worsley said it would launch an open offer to raise GBP6.2 million to "pursue its investment objective". The company said it would issue up to 20.8 million shares at a price of 30 pence each.
On Thursday, Worsley sad that the 8.1 million shares not taken up under the open offer will be available for subscription under the initial issue with the deadline for the submission of application forms now extended to March 16.
By Ife Taiwo; [email protected]
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