BioPharma Credit (BPCR)

$ 0.87
   
  • Change Today:
    $-0.03
  • 52 Week High: $0.9
  • 52 Week Low: $0.8
  • Currency: US Dollars
  • Shares Issued: 1,253.64m
  • Volume: 4,443,021
  • Market Cap: $1,090.66m
  • RiskGrade: 32

BioPharma Credit increases placing following 'strong investor demand'

By Iain Gilbert

Date: Wednesday 24 Oct 2018

LONDON (ShareCast) - (Sharecast News) - BioPharma Credit has increased the size of its proposed placing to "at least" $200m on the back of investor demand that exceeded its original target.
The life-sciences investment trust announced its intention to raise up $150m via a share placing on Friday. BioPharma said it would issue 146.3m shares at $1.025 per share - a 2.9% premium to its net asset value per share at 30 September.

As a result of the strong demand, BioPharma, in consultation with its joint bookrunners, agreed to increase the target size of its placing to "at least $200m".

Biopharma told investors it planned to use the net proceeds from the fundraiser to acquire further investments, in accordance with the investment policy.

As of 1245 BST, Biopharma's London-listed shares were untraded at $1.06 each.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

BPCR Market Data

Currency US Dollars
Share Price $ 0.87
Change Today $ -0.03
% Change -2.90 %
52 Week High $0.9
52 Week Low $0.8
Volume 4,443,021
Shares Issued 1,253.64m
Market Cap $1,090.66m
RiskGrade 32

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BPCR Dividends

  Latest Previous
  1st Interim Special
Ex-Div 28-Mar-24 07-Dec-23
Paid 30-Apr-24 05-Jan-24
Amount 1.75¢ 2.00¢

Trades for 28-Mar-2024

Time Volume / Share Price
17:39 3,910 @ $0.87
17:03 1,930 @ $0.87
16:53 500,000 @ $0.87
16:35 22,949 @ $0.87
16:35 517 @ $0.87

BPCR Key Personnel

Chair Harry Abraham Hyman

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