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 the company is issuing new shares at the current market price without any significant discount. This suggests strong investor demand and modest funding needs. While the specific purpose of the raise is not disclosed, the relatively small size of the issuance, representing just 0.23% of the total share capital, is a neutral factor. Overall, the lack of a discounted raise and the company's ability to issue shares at the prevailing market price point to a well-received transaction that is unlikely to have a major negative impact on the share price.
Key Points
- Henderson Far East Income Limited is issuing 400,000 new ordinary shares
- The shares are being issued at the current market price of 226.0p per share
- The raise represents a 0.23% increase in the total issued share capital
- The purpose of the raise is not explicitly stated
Summary
Henderson Far East Income Limited has announced the issuance of 400,000 new ordinary shares at a price of 226.0p per share, representing a 0.23% increase in the total issued share capital. The shares are being issued for cash, but the specific purpose of the raise is not disclosed. The lack of any discount to the current market price suggests the company is not facing significant funding pressures and is able to attract investor interest at the prevailing share price.