Progressive has placed 84.4 million new shares and raised £90.4m for its Frontier Markets trust. ...
Progressive has placed 84.4 million new shares and raised £90.4m for its Frontier Markets trust. The Aim listed vehicle launched last June and will now have 169.4 million ordinary shares. Progressive Developing Markets MD Slim Feriani said: “We are delighted with the response to this placing, it reflects not only the opportunities offered by Frontier Markets but also investor confidence in our experience and approach.”
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