20th Mar 2019 13:35
LONDON (Alliance News) - Supermarket Income REIT PLC on Wednesday increased the target size of its share issue to over GBP40 million, due to strong support from investors.
In mid-March the real estate investment trust announced the placing of 24.8 million new shares at 101 pence each, to raise GBP25 million. Shares were flat on Wednesday at a price of 102.00p each.
The company will use the funds raised in the issue to acquire two supermarket assets from either the originally identified GBP260 million pipeline of five assets, or from further opportunities identified by its investment adviser.
The placing is expected to close on Friday, with admission of the new shares to trading expected on Tuesday.
Related Shares:
Supermarket Income