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Rubicon Diversified Investments
- BY: Andrew Hore |
- POSTED: 18/11/2011 |
Lonrho bosses David Lenigas and Geoffrey White are joining the board of cash shell Rubicon Diversified Investments
Rubicon is raising £400,000 at 1p a share, which will more than double its share capital. Lonrho will own 12.7% of Rubicon. The placing is at a premium to yesterday’s market price of 0.8p a share. This price has subsequently risen to 1.9p.
The new investing policy of the company will state that it will be “seeking an acquisition or acquisitions in the global aviation and aviation services sector with a particular focus on Africa”.
Shareholders have to vote in favour of these changes at a general meeting on 13 December in order for them to go ahead.
Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFNovember2011_26.pdf
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