Regional REIT proposes £110.5m fundraise to prevent liquidation as early as August

Investment Week

In a stock exchange notice today (27 June), the board said the fundraise would be undertaken by way of a fully underwritten placing, overseas placing and open offer of 1.1 million new shares at an issue price of 10p per share.  This represents an 82.3% discount to the last published net tangible assets per share of 56.4p at December 2023 and a 50.4% discount to last night’s closing price of 20.2p. The capital raising is being fully underwritten by Bridgemere Investments, part of the Bridgemere group of companies that were the cornerstone investors in the original funds that were restr…

The full article is available here. This article was published at Investment Week.