Completion of Placing & Annual Report Available

RNS Number : 7932K

Infrastructure India plc

24 August 2012

 



Date:	24 August 2012
On behalf of:	Infrastructure India plc ("IIP" or the "Company" or, together with its subsidiaries, the "IIP Group")
Immediate release

Infrastructure India plc

Completion of Placing of Ordinary Shares

Publication of Annual Report

Further to the announcement of 23 August 2012, Infrastructure India plc, an AIM listed infrastructure fund investing directly into assets in India, announces that the proposed placing of 123,899,118 new ordinary shares of 1p each ("Ordinary Shares") in the Company ("Placing Shares") at a price of 33p per share (the "Placing Price") has been closed, raising approximately £40.88 million (before expenses) (the "Placing").  The Placing was underwritten by GGIC IIP Holdings, L.P. (the "Underwriter"), an affiliate of Guggenheim Global Infrastructure Company Limited ("GGIC").

The Company is pleased to announce that it has placed 19,723,403 Placing Shares with certain of its existing shareholders, other than the Underwriter.  As a result, the Underwriter will subscribe for, in aggregate, 104,175,715 Placing Shares.

Application has been made for the 123,899,118 Placing Shares to be admitted to trading on AIM ("Admission") and dealings are expected to commence on 28 August 2012.

Following Admission, GGIC, directly and indirectly, will have an interest in 172,835,780 Ordinary Shares, representing 50.44% of the Company's enlarged issued share capital.

The Company advises shareholders that its annual report for the year ended 31 March 2012 is now available on its website at www.iiplc.com.

- Ends -

Enquiries:

Infrastructure India plc	www.iiplc.com
Sonny Lulla
Smith & Williamson Corporate Finance Limited	[phone]
Nominated Adviser & Joint Broker
Azhic Basirov / Siobhan Sergeant
Investec Bank plc	[phone]
Financial Adviser & Joint Broker
Jeremy Ellis / Tim Mitchell
Merlin	[phone]
Financial Public Relations
Paul Downes / Toby Bates

 

END

 

 

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