6th Jul 2020 18:16
Warehouse REIT PLC - Warehouse investor - Raises GBP153 million from placing, open offer and subscription of 139.1 million shares at 110 pence each, ahead of original GBP100 million target in March. Notes that 22% of shareholders rejected a general meeting motion to approve non pre-emptive share issues. Warehouse REIT notes that given the success of the GBP153 million fundraising, it will only use its authority to issue more shares should it find a "compelling investment proposition".
Current stock price: 110.00p
Year-to-date change: down 1.9%
By Eric Cunha; [email protected]
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