Invesco Bond Income Plus Limited Issues New Shares
Why we think this is good
The equity raise is relatively small and at a minimal discount, indicating strong investor demand for the company's shares. There are no significant negative factors identified in the RNS.
Key Points
- Issue of 300,000 new ordinary shares
- Raise price of 174.35p per share, 0.09% discount to previous close
- Purpose is to satisfy secondary market demand
Summary
The asset manager has issued new shares to satisfy secondary market demand, with the raise priced at a negligible discount to the current share price.
Invesco Bond Income Plus Limited has announced the issue of 300,000 new ordinary shares at a price of 174.35p per share, representing a 0.09% discount to the previous closing price of 174.2559051513672p. The purpose of the raise is to satisfy secondary market demand and is made under the company's existing authority. The new shares will rank pari passu with the existing shares in issue.
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