HICL Infrastructure Company Ld Result of Equity Issue (1832H)

TIDMHICL

RNS Number : 1832H

HICL Infrastructure Company Ld

05 June 2017

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR PUBLICATION, RELEASE, OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN, OR INTO, THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL.

5 June 2017

HICL Infrastructure Company Limited

Result of Equity Issue

Further to its announcement of 24 May 2017, the Board of HICL Infrastructure Company Limited (the "Company") is pleased to announce that the Company has raised gross proceeds of GBP267.7m through the issue for cash, subject to listing, of 162,246,567 Ordinary Shares of 0.01 pence each (the "New Ordinary Shares") in the Company (the "Issue"). The Issue Price per New Ordinary Share was 165.0 pence.

The Issue was materially oversubscribed and in light of the Company's current investment pipeline, the size of the Issue was increased from its initial target size of GBP205m to the maximum available to the Company.

Application has been made for the New Ordinary Shares to be admitted to the premium segment of the Official List and to trading on the Main Market of the London Stock Exchange. It is expected that dealings in the New Ordinary Shares will commence at 8.00 a.m. on 7 June 2017.

Following the issue of the New Ordinary Shares on 7 June 2017, the total number of voting rights in the Company will be 1,785,507,302. This figure may be used by shareholders in determining the denominator for the calculation by which they will establish if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

Ian Russell, Chairman of HICL Infrastructure Company Limited, said:

"I am delighted that HICL continues to represent such a compelling proposition for the broad range of investors on our share register. The strong demand for shares in the Company, already demonstrated at the time of the formal fundraising in March, has clearly been maintained for this subsequent issue. We will continue to seek out risk-appropriate investments which can enhance the existing portfolio whilst preserving our pricing discipline."

For further information, please contact:

 
 InfraRed Capital Partners 
  Limited 
  Harry Seekings 
  Keith Pickard                 [phone] 
  Tony Roper                     1800 
 
   Canaccord Genuity Limited 
   Robbie Robertson 
   Dominic Waters 
   Neil Brierley 
   Will Barnett                   [phone] 
   David Yovichic                 8000 
 Tulchan Communications 
  David Allchurch               [phone] 
  Latika Shah                    4200 
 Aztec Financial Services 
  (Guernsey) Limited 
  Chris Copperwaite 
  Jacques Colley                [phone] 
 

Important Information

This Announcement contains Inside Information as defined under the Market Abuse Regulation (EU) No. 596/2014.

This Announcement has been issued by and is the sole responsibility of the Company.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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June 05, 2017 10:22 ET (14:22 GMT)