Home REIT, a provider of accommodation to the homeless, has raised £350m in an oversubscribed fundraising.
The board originally targeted £262m, but after the oversubcription will now issue 321,100,917 new ordinary shares at an issue price of 109 pence per share. A stock exchange announcement said that even with this increase the investor demand "exceeded the maximum size" and "a scaling back exercise was undertaken". Home REIT will use the proceeds to p representing thousands of new homes for some of the most vulnerable members of society. Numis: Investment trusts raise £6.7bn in record H1 Lynne Fennah, Chairman of Home REIT plc, commented: "The proceeds of this capital raise will en...
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