Property firm raises £62.5m through new shares placing

Stephen Inglis
Property group Regional REIT (real estate investment trust) announced today that it has raised £62.5m through a new share placing. The raising exceeds its targeted £50m figure announced on June 24, when it launched a proposed placing, open offer, offer for subscription and intermediaries offer at 106.5 pence per share. It said the board has made use of its ability to increase the size of the capital raising by issuing a further 11,737,089 new ordinary shares to raise the aggregate gross proceeds of £62.5m. The REIT focuses... You can carry on reading for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...