Scottish American Investment Company PLC, a UK-based investment company, has raised GBP0.89 million (USD1.11 million) through private placement of shares. The Scottish American Investment has announces the allotment of 230,000 new ordinary shares of GBP25 pense each fully paid on 29 April 2020. Following the allotment there are 149,285,943 ordinary shares in issue. These shares were issued for cash at a price of GBP390.5 pense per share and at a premium to the prevailing net asset value.