Liberum acts as Nominated Adviser and Sole Bookrunner on a c.£10.7m placing by The Conygar Investment Company PLC
We are pleased to announce that Liberum acted as Nominated Adviser and sole bookrunner on a placing by The Conygar Invetsment Company PLC (“Conygar” or the “Company”). The Company issued approximately 7.1m new ordinary shares, representing 13.6% of Conygar’s existing issued share capital, at a price of 150 pence per share, a discount of 7.7% to the closing share price on 16 December.
The Company announced it was aiming to raise c.£10m and, due to good demand, was able to raise c.£10.7m from new and existing private and institutional investors.
The net proceeds of the placing will be used to fund development of The Island Quarter site in Nottingham. The Company has received planning permission for a 21,500 sq. ft. food and beverage-led building and a c.700-bed student accommodation scheme.
Conygar is a property investment and development company. It currently owns 6 sites located across the UK.
Liberum Team:
Board – Shane Le Prevost
Investment Banking – Jamie Richards, Richard Lindley, Ed Phillips, Lydia Zychowska
Sales – Andrew Davies, James Shields
Trading – Graham Smith, Mark O’Hara
Legal - Alice Foster
