In QuotedData’s morning briefing 7 July 2023:
- GCP Asset Backed Income (GABI) has extended its £50m revolving credit facility (RCF), with Royal Bank of Scotland International Limited, that was due to mature in August 2023, by 12-months to August 2024. The terms are the same as for the previous facility. The current drawn balance on the RCF is £48,050,000.
- CK Asset has now received acceptances for its offer for Civitas Social Housing from 89.25% of shareholders. The expected cancellation of its shares is on 4 August 2023. The offer remains open to shareholders that have yet to accept the bid. If CK receives 90% approval it can compulsorily acquire the remaining shares.
- Lok’n Store raised £20.5m through the issue of 2,679,739 new ordinary shares at a price of 765p – a 12.1% discount to its prevailing share price. Proceeds will be used to fund its development pipeline.
We also have:
- Details of a 5% NAV discrepancy for Fondul Proprietatea