Henderson Far East Income Limited Announces Equity Raise
Why we think this is good
The equity raise by Henderson Far East Income Limited is a positive development, as it is being conducted at a premium to the previous closing price and represents a relatively small dilution for existing shareholders. The small size and premium pricing of the raise suggest it is a proactive step to strengthen the company's balance sheet and support future growth, rather than a last resort funding measure. There are no significant negative factors identified in the RNS.
Key Points
- Henderson Far East Income Limited is issuing 185,000 new ordinary shares
- The new shares will be issued at a price of 220.5p per share, representing a 0.68% premium to the previous closing price
- The raise will bring the total issued share capital and voting rights to 175,344,679 shares
Summary
Henderson Far East Income Limited has announced the issue of 185,000 new ordinary shares at a price of 220.5p per share, representing a 0.68% premium to the previous closing price of 219.0p. The new shares will be issued for cash on 12 June 2025, bringing the total issued share capital and voting rights to 175,344,679 shares. The purpose of the raise is not explicitly stated, but it is likely for general corporate purposes or to provide additional growth capital. The small size and premium pricing of the raise suggest it is a proactive step to strengthen the company's balance sheet and support future growth, rather than a last resort funding measure.