Issue of Ordinary Shares

RNS Number : 0936B

HICL Infrastructure Company Ld

27 February 2014

 



HICL Infrastructure Company Limited

Issue of Ordinary Shares

27 February 2014

Following the Interim Management Statement of 10 February 2014, the Board of HICL Infrastructure Company Limited (the "Company") is pleased to announce that the Company has raised gross proceeds of approximately £23m through the issue for cash, subject to admission to trading, of 17,037,000 new Ordinary Shares of 0.01 pence each (the "New Ordinary Shares") in the Company (the "Issue"). The Issue Price per New Ordinary Share was 135.0 pence.

Application has been made for the New Ordinary Shares to be admitted to the premium segment of the Official List and to trading on the Main Market of the London Stock Exchange. It is expected that dealings in the New Ordinary Shares will commence at 8.00 a.m. on 4 March 2014.

Following the issue of the New Ordinary Shares, the Company retains authority from Shareholders to issue a further c.37m Ordinary Shares on a non pre-emptive basis by way of tap issue. It is the intention of the Board to utilise that tap issuance authority as and when the Directors deem appropriate, having regard in particular for the Company's net funding requirement at the time.

Following the issue of the New Ordinary Shares, the capital will consist of 1,207,428,625 Ordinary Shares with voting rights.  Shareholders may use this figure as the denominator for the calculations by which they determine whether they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure and Transparency Rules.

For further information, please contact:

InfraRed Capital Partners Limited	020 7484 1800
Tony Roper Keith Pickard Robin Hubbard
Canaccord Genuity Limited	020 7523 8000
Robbie Robertson David Yovichic Lucy Lewis
Tulchan Communications	020 7353 4200
Martha Walsh
Dexion Capital (Guernsey) Limited	01481 743940
Carol Kilby

 

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