- Ediston Property Investment Co has raised £35.92m, gross, through an initial placing and offer for subscription of ordinary shares at 108.0p apiece.

A total of 33,263,931 shares will be issued - 28,309,431 under the initial placing and 4,954,500 through the offer for subscription.

Chairman William Hill said: "The EPIC Board is pleased to see the positive response from both existing shareholders and new investors to the Company's fundraising, and believes that the additional monies raised will provide the Investment Adviser with the opportunity to build upon the impressive portfolio performance which shareholders have enjoyed so far."

At 1:44pm: [LON:EPIC] Ediston Property Investment Company Plc Ord 1p share price was -0.75p at 108.13p

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