Temple Bar Investment Trust Sells Shares from Treasury
Why we think this is good
The equity raise is priced at a small premium to the previous closing price, indicating strong investor demand for the company's shares. The dilution impact is minimal, and there are no clear negative factors associated with the raise. Overall, this is a positive development for the company.
Key Points
- Sale of 150,000 shares from treasury
- Shares sold at 383.9p, a 0.1% premium to previous close
- Minimal dilution impact of 0.045%
- Purpose of sale not explicitly stated
Summary
The investment trust has sold 150,000 shares from treasury at a 0.1% premium to the previous closing price, suggesting strong investor appetite.
Temple Bar Investment Trust has sold 150,000 shares from treasury at a price of 383.9p per share, representing a 0.1% premium to the previous closing price of 383.5p. The sale will result in the company holding 42,464,447 shares in treasury, with a total of 334,363,825 shares in issue. The proceeds from the sale will not be used for any specific business purpose, as this was a sale of existing treasury shares rather than a new equity raise.
PLACING