Witan investment trust in fresh £7.8m equity issue

£1.5bn trust issues new shares

The £1.5bn Witan investment trust has issued £7.8m worth of shares in its latest fundraising.

The trust has issued 1,000,000 ordinary shares at a price of 783p per share, amounting to a total sum of £7.8m. Following this issue, the trust, run by CEO Andrew Bell (pictured), has the ability to issue a further 9,005,100 ordinary shares under its blocklisting facility. The last time the £1.5bn trust issued equity was on 29 October, with 500,000 ordinary shares issued at 781.5p each at the time. It currently has some 199,186,000 ordinary shares in issue and the new shares rank pari passu with the existing issued capital. The trust has returned 48% over three years to 11 Nove...