Interactive Investor

Ruffer Investment Company Share Offer

This offer is now closed for applications through interactive investor

Result of Issue

  • The Issue Price was set at 296.5 pence per Share.

  • Ruffer Investment Company Limited (RICA) has successfully raised gross proceeds of approximately £40.9 million, through its Open Offer, Intermediaries Offer and Offer for Subscription.

  • Applications have been made for 13,787,221 Shares to be admitted to trading on the London Stock Exchange's main market.

  • Allocations have been met in full, meaning customers will receive 100% of the amount they applied for rounded down to the nearest whole share.

  • Share allocations and uninvested cash are being credited today (Thursday 2 December 2021). Confirmation of allocations will be sent once the shares and refunds are showing on accounts.

  • Please note the allocation policy was set by RICA and not Interactive Investor.

Offer period

  • The Offer Period for the Ruffer Investment Company Limited Share Offer closed at 9am on Wednesday 1 December 2021.

Trading starts

  • Admission and unconditional dealing in the Shares is expected to commence at 8am on Monday 6 December 2021. There is no conditional dealing period.
  • When admitted to trading, the new Shares will be registered with SEDOL (Stock Exchange Daily Official List) number B018CS4 and trade under the symbol "RICA".
  • If you buy or sell Ruffer Investment Company Limited Shares after admission the relevant share dealing rate will apply.

Christopher Russell, Chairman of the Company, commented:

"Having a requirement to publish a prospectus, the Board saw this as a good opportunity to provide current and new shareholders with a convenient route to participate in the Company's growth. The Board is very pleased to welcome the Company's new shareholders and thanks current shareholders for their continued support. In 2021 alone, the Company will have now issued almost 60 million Shares, raising gross proceeds of more than £170 million, reflecting the strong investor interest in the Investment Manager's unique investment approach. At a time when factors such as inflation and Covid-19 have left markets unsettled, we remain confident that the Company's investment philosophy of targeting steady, positive annual returns in all conditions will continue to serve our shareholders well."

Key information

Issue price per share:296.5 pence
Minimum investment:£1,000 (multiples of £1 thereafter)
Stock ticker:RICA
SEDOL:B018CS4

Expected timetable

Offer open:15 November 2021
Offer close:1 December 2021 (9am)
Result announced:2 December 2021
Unconditional dealing starts:6 December 2021 (8am)

This website is issued by, and is the sole responsibility of, Interactive Investor Services Limited. This website is an advertisement and not a Prospectus. Any application to participate in the Offer can and will only be made on the basis of the Prospectus, together with any supplements thereto.

Interactive Investor Services Limited uses the Ruffer Investment Company Limited Prospectus in accordance with the Company's consent and the conditions set out in the Ruffer Investment Company Limited Prospectus.

Investing in IPOs carries a high degree of risk. If you are unsure of the suitability of an investment please seek Financial Advice. You are not guaranteed to make a profit, the value of your investments can go down as well as up. You may not get back all the money you invest. Any notification of an IPO on our website is not an endorsement of the issue, nor is it solicitation for interest in the issue. Investment in the Company should not be regarded as short-term in nature. You should consider carefully all of the information set out in the Offer documents, including all the risks attached to investing in the Company before you apply.

"Ruffer Investment Company Limited" and the Ruffer Investment Company Limited logo are reproduced by kind permission of Ruffer Investment Company Limited. All rights reserved.

This announcement has been published by Interactive Investor Services Limited.

This announcement has been prepared and is the sole responsibility of Interactive Investor Services Limited of 201 Deansgate, Manchester, M3 3NW, which is an authorised person for the purposes of the Financial Services and Markets Act 2000.