High retail demand sees JLEN Environmental Assets share application oversubscribed

£60.7m raised

clock • 1 min read
High demand from retail investors
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High demand from retail investors

JLEN Environmental Assets is scaling back applications for its latest round of ordinary share issuance as high demand, particularly from retail investors, lead to oversubscription.

The firm has raised £60.7m for a subscription to new shares. Two weeks ago it announced it intended to offered a subscription of £60.1m for new shares at 101 pence each, worth around £60.7m. The board noted the issue was "significantly" oversubscribed in both the placing and offer for subscription. It said: "The board is delighted by the support from existing shareholders and new investors, in particular, the response from retail investors, which led to the offer for subscription exceeding the €8m threshold. JLEN Environmental Assets Group performance driven by increase in power pr...

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