GCP placing to raise £60m

GCP Infrastructure Investments has announced a placing of new ordinary shares at 122.0p apiece to raise gross proceeds of around £60m.

The price represents a discount of 5.0p to closing market price on Friday.

It said qualified investors participating in the placing would be entitled to receive the quarterly dividend in respect of the period from 1 Oct to 31 Dec which was expected to be declared by the company on or around 18 Jan.