CVC Income & Growth Limited Raises Equity to Meet Demand
Why we think this is good
The equity raise by CVC Income & Growth Limited is a positive development, as it is being conducted at the current share price with no discount. The small size of the raise relative to the company's market capitalization also minimizes dilution for existing shareholders. There are no indications of financial distress or the need for further capital raises, suggesting the company is in a stable position.
Key Points
- CVC Income & Growth Limited resold 500,000 Sterling shares from treasury at £1.1851 per share
- The raise was conducted at the current share price with no discount
- The raise will not result in dilution for existing shareholders
Summary
CVC Income & Growth Limited has announced the resale of 500,000 Sterling shares from treasury at a price of £1.1851 per share, the same as the previous closing price. The raise will not result in any dilution for existing shareholders, as the shares were held in treasury. The company's issued share capital will now consist of 81,788,914 ordinary Euro shares and 141,016,905 ordinary Sterling shares, with a total of 246,778,692 voting rights.