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Investment company launches SPP

Investment company launches SPP

Anton Harris, Ashurst

BKI Investment Company Limited is offering existing shareholders the opportunity to purchase more shares fee-free, with advice from a global firm.

Firms: Ashurst (BKI Investment Company Limited)

Deal: BKI Investment Company Limited launched a share purchase plan (SPP).

Value: Undisclosed

Area: Equity capital markets

Key players: The Ashurst team was led by corporate partner Anton Harris (pictured).

Deal significance: BKI Investment Company Limited (BKI) is launching an SPP, which opened on 7 April and will close on 28 April.

BKI has announced an offer to BKI’s eligible Australian and New Zealand shareholders who will have the opportunity to participate in the SPP.

The SPP offers shareholders the opportunity to acquire up to $15,000 worth of ordinary shares in BKI without paying any brokerage or other charges.

The SPP is not underwritten.

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