JLEN Environmental Assets is scaling back applications for its latest round of ordinary share issuance as high demand, particularly from retail investors, lead to oversubscription.
The firm has raised £60.7m for a subscription to new shares. Two weeks ago it announced it intended to offered a subscription of £60.1m for new shares at 101 pence each, worth around £60.7m. The board noted the issue was "significantly" oversubscribed in both the placing and offer for subscription. It said: "The board is delighted by the support from existing shareholders and new investors, in particular, the response from retail investors, which led to the offer for subscription exceeding the €8m threshold. JLEN Environmental Assets Group performance driven by increase in power pr...
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