Unite sells shares at 3.1% discount, hails 'strong' investor support
Unite Group
808.00p
16:40 27/12/24
0.25%
2.00p
Unite Group has successfully completed its placing of shares in the company for gross proceeds of approximately £300.0m.
FTSE 250
20,488.65
16:29 27/12/24
n/a
n/a
FTSE 350
4,495.62
16:29 27/12/24
n/a
n/a
FTSE All-Share
4,453.14
17:05 27/12/24
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Real Estate Investment Trusts
1,995.14
16:29 27/12/24
0.00%
1,995.14
The shares were sold at a 3.1% discount to the prior session's middle market closing price or at 870.0p and represented roughly 9.5% of the group's capital prior to the placing.
As previously announced, certain directors of the student accommodation group participated in the placing, for an aggregate amount of roughly £175,000.
"The Company is pleased by the strong support it has received from new investors and existing shareholders," Unite said in a statement.
The new shares were expected to be admitted to trading on the London Stock Exchange's main market at 08:00 BST on 29 June.