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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Currency | US Dollars |
Share Price | $ 0.88 |
Change Today | $ 0.00 |
% Change | 0.23 % |
52 Week High | $0.9 |
52 Week Low | $0.8 |
Volume | 1,605,131 |
Shares Issued | 1,228.08m |
Market Cap | $1,078.26m |
RiskGrade | 32 |
Value |
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Price Trend |
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Income |
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Growth |
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Latest | Previous | |
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1st Interim | Special | |
Ex-Div | 28-Mar-24 | 07-Dec-23 |
Paid | 30-Apr-24 | 05-Jan-24 |
Amount | 1.75¢ | 2.00¢ |
Time | Volume / Share Price |
17:10 | 224 @ $0.88 |
17:04 | 272 @ $0.88 |
16:35 | 40,135 @ $0.88 |
16:35 | 27,172 @ $0.88 |
16:35 | 1,828 @ $0.88 |
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