31st Oct 2014 09:49
LONDON (Alliance News) - Hibernia REIT PLC Friday said it has raised EUR300 million under its previously announced placing and open offer, issuing 285.3 million new shares at EUR1.05 each.
Hibernia REIT shares were down 0.3% at EUR1.06 on Friday.
In a statement, Hibernia REIT said 71.4 million new shares will be issued through the firm placing, while 213.9 million will be issued through the placing and open offer.
Hibernia received valid acceptances under the open offer, which closed at 1100 GMT on Thursday, for 79.1% of the open offer shares. The remaining 44.6 million open offer shares to be issued through the placing and open offer have been allocated to the investors with whom they had been conditionally placed under the placing.
The capital raise is awaiting shareholder approval at an extraordinary general meeting scheduled for November 3.
By Samuel Agini; [email protected]; @samuelagini
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