UK’s Warehouse REIT to secure $132.7 mln through stock offering

03/14/2019 7:48:00 AM (GMT)

British real estate investment trust company Warehouse REIT PLC aims to secure 100 million pounds ($132.7 million) via issuing its shares.

Warehouse REIT will issue up to 97.1 million shares via a placing, subscription and open offer at $13.64 per share. The issue price reflects a 2 percent premium to the company’s closing price on Monday at $13.3.

Shareholders can take part in the open offer for up to 66.4 million shares on the basis of two new shares for each five existing one held.

Warehouse REIT plans to use the proceeds for making new acquisitions and reinforcing its portfolio.

Warehouse REIT

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