23rd Oct 2015 06:44
LONDON (Alliance News) - Empiric Student Property PLC on Friday said it has raised a total of GBP86.4 million from its placing and subscription offer of shares.
The student accommodation property investor said it has issued 81.2 million shares under the transactions, implying an issue price of 106.4 pence per share. Empiric shares closed at 107.75p on Thursday.
The placing is the final tranche of the group's share issuance programme for the year, which has raised total gross proceeds of GBP312.0 million.
By Sam Unsted; [email protected]; @SamUAtAlliance
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