Baillie Gifford's Scottish Mortgage investment trust has issued 500,000 additional shares worth £1.4m in response to increased market demand.
The existing shares were issued for cash on 18 December 2015 at a price of 273p per share and at a premium to the prevailing net asset value (NAV). Following the issuance there will be 1.3bn ordinary shares in issue, excluding the remaining 116m shares held in treasury. The £3.6bn trust, run by Baillie Gifford's James Anderson and Tom Slater (pictured), has recently benefitted from its positions in unquoted companies, with a pre-IPO holding in Alibaba contributing to its success over the past year. Scottish Mortgage's Slater: Why investing privately opens the best doors Over the ...
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