Ruffer Investment Company has raised £40.9m from its recent share offer, bringing its total issuance for 2021 to £173m.
The company said the offer was launched to give retail investors access to new shares, adding that they represented a large proportion of the buyers in the offer. Ruffer added that it saw strong demand for its shares, resulting in them trading at a 5.5% premium to its net asset value prior to the share offer. The company was required to publish a prospectus to continue its regular issuance program, with its board using this opportunity to launch the offer and allow retail investors to participate. It added that regular tap issuance will continue as long as there is demand from shareh...
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