Investcorp Receives Approval to Issue a Further US$ 40 Million of Preference Shares to Meet Demand
Wednesday, September 30, 2009 : PermalinkZawya – 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.
Tags: general assembly, investcorp, investors, shareholders
You can skip to the end and leave a response. Pinging is currently not allowed.
