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Placings raise £200m on the same day

13 March 2014 | Mentions of Liberum

Two placings on the same day totalling £200 million were supported by Liberum in early March, providing funds for British businesses to expand in real estate and global fertiliser supplies.

Real estate company Shaftesbury PLC announced a placing of new shares at 620p on March 6 to raise £156.6 million. Liberum acted as Joint Corporate Broker and Bookrunner on this transaction.

Shaftesbury invests and manages assets in core central London “villages” such as Carnaby Street (below), Soho, Chinatown, Seven Dials, Covent Garden and Charlotte Street.

Carnsby Street

Some of the funds raised are to be used to acquire Newport Sandringham at the Eastern end of the Chinatown village for £57.5 million. The balance will provide the company with funds to acquire additional properties and undertake capital improvement projects across the portfolio.

The same day, Sirius Minerals Plc, which seeks to develop a new British potash mine in Yorkshire to meet a rising global need for nutrients to boost food production, announced a £43 million capital raise on March 6, placing new ordinary shares at 12p each. Liberum acted as Joint Global Coordinator, Joint Bookrunner and Joint Corporate Broker on the transaction.

The funds raised will be used to progress project development studies and planning approval applications at its wholly-owned York Potash project near Whitby, Yorkshire.

Sirius is targeting the production of polyhalite (below), a naturally occurring mineral that contains four of the six macro-nutrients required for plant growth. 

Sirius

The company is listed on the AIM Market of the London Stock Exchange with a market capitalisation of over £220 million post admission of the new shares. 

CLICK HERE to visit Liberum’s fundraising page here to see how we’re helping companies grow.