The Investment Company plc (LSE:INV) has secured approximately £7.5 million in new equity financing through a combination of a retail offer, placing and subscription, providing additional capital to support its updated investment strategy. The London-listed investment vehicle intends to use the proceeds in accordance with its proposed investment objective and policy as it reshapes its portfolio and future capital allocation plans.

Retail offer complements larger capital raise

The retail offer, conducted through the Bookbuild platform and launched on 15 July, attracted subscriptions totalling £299,482.88. Investors committed to 391,942 new ordinary…