Custodian REIT has announced the results of its placing (as announced on 19 April 2016), which raised £20.98 million before costs and expenses. The placing price of 104.9 represents a premium of approximately 5.0% to the unaudited NAV as at 31 March 2016 as adjusted to deduct the dividend of 1.6625 pence per share payable to shareholders on the register at the close of business on 6 May 2016. The company says that applications will be made for the 20m new shares to be admitted to the premium segment of the Official List of the UK Listing Authority and to trading on the London Stock Exchange plc’s main market for listed securities. Admission is expected to become effective, and dealings in the New Shares to commence, at 8 a.m. on 17 May 2016. The company says that, following this issue, its issued share capital will comprise 274,242,071 ordinary shares.
Custodian REIT’s placing raises £21.0m