Sign up for free newsletter



Schroder REIT proposes issuing 80 million new shares

Mon, 24/03/2014 - 06:33

The board of Schroder Real Estate Investment Trust (REIT) is proposing to issue up to 80 million new shares at 50.25 pence per share to raise approximately GBP40.2m by way of an initial placing and offer for subscription.

Schroder REIT is also proposing a placing programme to fund future acquisitions that support the company’s investment objective and acquisitions criteria in the period from 18 April 2014 to 19 March 2015.
The issue of ordinary shares on a non-pre-emptive basis requires shareholder approval.
New shares will only be issued to new and existing shareholders at a premium to the prevailing net asset value (NAV) at the time of issue in order to take account of the costs of such issue and will therefore be accretive to the prevailing NAV for existing shareholders.

Subscribe to free daily newsletter
FX Options Trading - NYC - USA

Sat, 31 Jan 2015 00:00:00 GMT

FX Trader, New York City, USA

Sat, 31 Jan 2015 00:00:00 GMT

VP FX Algo Strategy Java Developer

Sat, 31 Jan 2015 00:00:00 GMT

2 days 18 hours from now - Kuala Lumpur
6 days 18 hours from now - Las Vagas
1 week 18 hours from now - Florida