4th Mar 2015 09:45
LONDON (Alliance News) - Target Healthcare REIT Ltd on Wednesday said it has raised GBP25.5 million via a share placing.
The company has issued 25 million shares at 102 pence per share. Shares in Target were up 0.9% to 102.3 pence on Wednesday.
"This placing was oversubscribed and we are encouraged by the support shown by the current shareholders in Target. We are also delighted that we have been able to attract new investors hearing the investment story for the first time. We have already identified attractive acquisition opportunities and look forward to being able to report more fully in due course," said Target Chairman Malcolm Naish.
By Sam Unsted; [email protected]; @SamUAtAlliance
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