Bringing you live news and features since 2006 

GCP Infrastructure Investments admitted to London Stock Exchange


GCP Infrastructure Investments has admitted 40,000,000 ordinary shares to trading on the Official List and to trading on the London Stock Exchange’s main market for listed securities. 

The company has raised GBP40m through a placing and offer for subscription of 29,840,909 ordinary shares and the switching into 10,159,091 ordinary shares, at a price of GBP1.00 per share

Based on the offer price, the company has a market capitalisation of GBP40m

Stephen Ellis, managing partner of Gravis Capital Partners, the investment adviser to GCP, says: "This is a very good result. In spite of difficult market conditions, the quality of our concept and, in particular, the projected eight per cent net yield and inflation protection, appealed to our core target investors among institutions and private client stockbrokers, and allowed us to achieve a successful close.
”The future growth prospects for the sector remain buoyant – despite the current review of some areas of government spending on new projects, the Private Finance Initiative remains a key mechanism for central and local government commitments to deliver social infrastructure efficiently."

Latest News

Figment Europe, a provider of institutional staking infrastructure, writes that it is solidifying its presence in the heart of Europe’s..
Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..

Related Articles

Sal Esposito, Zacks Investment Management
Zacks Investment Management started doing investment research in 1978 and in 1992 started its investment management arm, initially with SMAs...
Jeremy Senderowicz, Vedder Price
Jeremy Senderowicz, a member of the Investment Services Group at law firm Vedder Price, has witnessed a steady upswing in...
Graham MacKenzie, Toronto Stock Exchange
The evolution of ETFs has been a multi-decade experience for Toronto Stock Exchange says Graham MacKenzie, managing director, Exchange Traded...
Frank Koudelka, State Street Global Services
ETF data provider and ETF Express data partner, Trackinsight, has published its Global ETF Survey 2024 Report: ‘50+ Charts on...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by