• Open offer by Ruffer Investment Company Limited

Open offer by Ruffer Investment Company Limited

Deal TypeCapital markets & Transaction Services
ClientRuffer Investment Company Limited

Ruffer Investment Company Limited's principal objective is to achieve a positive total annual return, after all expenses, of at least twice the Bank of England base rate, regardless of how the financial markets perform.

The Company is required by the Prospectus Regulation to publish a prospectus if it issues more than 20% of its share capital during any preceding twelve-month period.  Due to strong demand for its weekly tap issuances, the Company was approaching this limit and therefore published a prospectus to allow it to continue with such issuances by 'resetting' its 20% capacity under the Prospectus Regulation.  This gave it the opportunity to offer new shares to existing shareholders and to retail and other private and institutional investors.

BDO acted as reporting accountant on the offer.