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ASX company raises $20m

ASX company raises $20m

Capital market, raise, increase, growth

A global law firm has advised BKI Investment Company Limited on raising over $20 million under its Share Purchase Plan.

Firm: Ashurst (BKI Investment Company Limited)

Deal: BKI Investment Company Limited (ASX: BKI) has raised $21.2 million under its Share Purchase Plan (SPP), which closed on Wednesday, 14 June 2017.

Value: $21.2 million

Area: Equity Capital Markets

Key players: The legal team advising BKI Investment Company Limited was led by Ashurst corporate partner Anton Harris.
Pitt Capital Partners acted as financial adviser to BKI Investment Company Limited in this transaction.

Deal significance: BKI Investment Company Limited is described on its website as a listed investment company on the Australian Securities Exchange.

The company contains a diversified portfolio of Australian shares, trusts and interest bearing securities.

In this deal, BKI shareholders were given the opportunity to purchase shares up to a maximum value of $15,000 at $1.58 per share.

 

 

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