Chrysalis IT seeks approval for 600 million share issuance

Follows 42% NAV growth in 2020

The board of Chrysalis investment trust is seeking shareholder authority for the issuance of up to 600 million ordinary and C shares.

In an announcement published today (17 February), the board said it intends to publish a prospectus in March, which will include further detail of the placing programme. Manager exodus and fund closures as Jupiter AM conducts review The trust has undertaken multiple capital raises since its IPO in November 2018, with its most recent October 2020 effort raising £95m from 64,189,189 shares issued at £1.48. If this next issuance achieved its maximum 600 million shares at the same price, the company would raise £888m. With shares currently trading at £2.26, a 41% premium to NAV, Lib...