Rathbone Brothers raises £50m via share placing

Lindsell Train loads up on shares

Anna Fedorova
clock • 1 min read
Rathbones raises £50m
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Rathbones raises £50m

Rathbone Brothers has raised £50m in gross proceeds (£49m net) via a placing of 2,840,910 ordinary shares with institutional investors at a price of 1,760p per share.

The issued shares represent around 5% of the company's issued ordinary share capital prior to the placing, and were priced at a 7.9% discount to the closing price of Rathbones' shares on 23 June 2021....

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