11th Jul 2024 16:44
Sirius Real Estate Ltd - London and Johannesburg-listed property investor - Makes offer to retail investors to subscriber for new shares at 94 pence each via PrimaryBid as part of its capital raise announced on Wednesday. The offer price is the same as the institutional share placing and represents a discount of 3.5% to the closing market price on Wednesday. Existing shareholders and new investors can access the retail offer through PrimaryBid's partner network of investment platforms, retail brokers and wealth managers, Sirius notes.
Earlier Thursday, Sirius said it successfully raised GBP150 million through a share placing to acquire more properties. It will issue 159.6 million new shares, representing about 12% of its total prior to the new issue, at 94p to raise GBP150 million. The property investor first announced the capital raise on Wednesday.
Current stock price in London: 97.60 pence
12-month change: up 13%
Current stock price in Johannesburg: ZAR22.63, up 1.2% on Thursday
12-month change: up 9.4%
By Artwell Dlamini, Alliance News reporter
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