IN BRIEF: Unite Group raises GBP450 million for property investment
24th Jul 2024 11:19
Unite Group PLC - Bristol, England-based owner and manager of student accommodation - Raises GBP450 million from the sale of 50.0 million new shares at 900 pence each. The share placing, direct subscription by directors, and retail offer was first announced after the London market close on Tuesday. Early Wednesday, Unite says the retail offer raises GBP3 million and company directors subscribe for GBP125,000 in shares. The remaining GBP447 million comes from an insitutional placing by JP Morgan Cazenove and Deutsche Numis. The new shares represent 11% of Unite's total prior to the raise. Read More