Pantheon Infrastrct. - Update on Proposed Issue of Equity
30/09/2022 11:03
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RNS Number : 3625B Pantheon Infrastructure PLC 30 September 2022
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PANTHEON INFRASTRUCTURE PLC
Update on Proposed Issue of Equity
30 September 2022
The Directors of Pantheon Infrastructure PLC ("PINT" or the "Company") have
determined that as a result of the extreme volatility of recent days in UK
markets, notably within Government bonds and yield-based asset classes, the
proposed issue of C shares under PINT's share issuance programme announced on
14 September 2022 will not proceed.
Vagn Sørensen, Chairman of the Company, commented:
"We have appreciated the high level of interest shown in PINT's investment
proposition of global private infrastructure assets by existing shareholders
and prospective investors since the launch of the issue. However, as a
consequence of the ongoing extremely elevated levels of volatility in the UK,
we have taken the decision to withdraw this capital raise."
Richard Sem, Partner at Pantheon, PINT's investment manager, said:
"The events in the UK over the last week have been unprecedented and whilst
PINT's global portfolio is not directly affected, the current market
conditions have created significant uncertainty for UK investors. We would
like to thank investors for their interest in the capital raise and look
forward to exploring future opportunities to grow the Company."
Legal Entity Identifier (LEI) 213800CKJXQX64XMRK69
For further information, contact:
Pantheon Ventures (UK) LLP +44 (0) 20 3356 1800
Investment Manager pint@pantheon.com (mailto:pint@pantheon.com)
Richard Sem, Partner
Harriet Alexander, Vice President
Investec Bank plc +44 (0) 20 7597 4000
Sole Sponsor, Financial Adviser and Bookrunner
Tom Skinner (Corporate Broking)
Lucy Lewis, Denis Flanagan (Corporate Finance)
Will Barnett, Neil Brierley, Alice Douglas, Jack Kershaw (Sales)
TB Cardew +44 (0) 20 7930 0777
Public relations advisor pint@tbcardew.com (mailto:pint@tbcardew.com)
Ed Orlebar +44 (0)7738 724 630
Tania Wild +44 (0)7425 536 903
Max Gibson +44 (0)7435 791 368
Notes to editors
Pantheon Infrastructure PLC (PINT)
Pantheon Infrastructure PLC is a closed-ended investment company and an
approved UK Investment Trust, listed on the Premium Segment of the London
Stock Exchange's Main Market. Its Ordinary Shares trade under the ticker
'PINT'. The independent Board of Directors of PINT have appointed Pantheon,
one of the leading private markets investment managers globally, as investment
manager. PINT aims to provide exposure to a global, diversified portfolio of
high-quality infrastructure assets through building a portfolio of direct
co-investments in infrastructure assets with strong defensive characteristics,
typically benefitting from contracted cash flows, inflation protection and
conservative leverage profiles. Further details can be found at
www.pantheoninfrastructure.com (http://www.pantheoninfrastructure.com)
Pantheon
Pantheon is a leading global private equity, infrastructure & real assets,
private debt and real estate investor with 40 years' experience sourcing and
executing private market investment opportunities on behalf of clients.
Pantheon has US$87.8 billion in assets under management and advice (as at
31 March 2022) and employs over 415 staff, including more than 120 investment
professionals, across offices in London, San Francisco, New York, Chicago,
Hong Kong, Seoul, Bogotá, Tokyo, Dublin and Berlin. Further details can
be found at www.pantheon.com
ENDS
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