Hedge Fund News From HedgeCo.Net


Investcorp Receives Approval to Issue a Further US$ 40 Million of Preference Shares to Meet Demand

Zawya – Shareholders at InvestcorpInvestcorp’s Extraordinary General Assembly today voted to issue a further US$ 40 million of preference shares to meet additional demand from investors who subscribed to Investcorp’s recent capital raise.

Investcorp had received commitments in excess of the $500m of shares that could be issued under the Firm’s current Memorandum of Association. An amendment approved by the shareholders today will enable Investcorp to issue additional preferences shares to cover this oversubscription.

Read Complete Article

Related Posts Plugin for WordPress, Blogger...
This entry was posted in Syndicated and tagged , , , . Bookmark the permalink.

Leave a Reply