Liberum was Sole Bookrunner Thursday on a £45m placing of new ordinary shares in West Midlands property group Real Estate Investors plc (Ticker: RLE LN), the proceeds of which are to help it purchase property across the region.
“The new capital will allow us to grow the company further, continue with our progressive dividend policy and secure capital growth in a robust regional economy,” Paul Bassi, Real Estate Investors Chief Executive, said in a statement.
Admission and settlement takes place April 14.
Liberum is sole broker to the company.
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