Henderson Far East Income Limited Announces Equity Raise
Why we think this is good
The equity raise by Henderson Far East Income Limited is generally positive, as it is being conducted at a small premium to the previous closing price. The raise amount is relatively small compared to the company's total issued share capital, indicating limited dilution for existing shareholders. While the specific purpose of the raise is not explicitly stated, the additional capital could be used to fund growth initiatives and strengthen the company's balance sheet. However, the market may still view the raise negatively in the short term, leading to a potential share price decline.
Key Points
- Issue of 800,000 new ordinary shares at 228.0p per share
- Raise represents a 0.9% premium to the previous closing price of 226.00p
- New shares to be issued for cash on 4 July 2025
- Total issued share capital and voting rights to increase to 177,504,679 shares
Summary
Henderson Far East Income Limited has announced the issue of 800,000 new ordinary shares at a price of 228.0p per share, representing a 0.9% premium to the previous closing price of 226.00p. The new shares will be issued for cash on 4 July 2025, bringing the total issued share capital and voting rights to 177,504,679 shares. The purpose of the raise is not explicitly stated, but the additional capital could be used to fund growth initiatives and strengthen the company's balance sheet.