Business
Proposed Capital Raising
Proposed Capital Raising.
About this update from Regional Reit Ltd.
[{"type":"text","content":"\n \nRNS Number : 3458Y Regional REIT Limited 04 December 2017 \n\nTHIS ANNOUNCEMENT IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, NEW ZEALAND, CANADA, THE REPUBLIC OF SOUTH AFRICA, JAPAN OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO.\nThis announcement is not an offer of securities for sale, or an offer to buy or subscribe for, directly or indirectly, securities to any person in the United States of America or any other jurisdiction, including in or into Australia, New Zealand, Canada, the Republic of South Africa and Japan or any other jurisdiction in which such offer or solicitation is unlawful. This announcement is an advertisement and not a prospectus (or prospectus equivalent document). A prospectus in connection with the proposed firm placing, placing, open offer and offer for subscription (together, the \"Capital Raising\") (the \"Prospectus\") and the admission of the new ordinary shares of no par value (\"New Ordinary Shares\") in Regional REIT Limited (\"Regional REIT\" or the \"Company\" and, together with its subsidiaries, the \"Group\") to be issued pursuant to the Capital Raising to listing on the premium listing segment of the Official List of the Financial Conduct Authority (\"FCA\") and to trading on the Main Market for listed securities of London Stock Exchange plc (together, \"Admission\") is expected to be published by the Company on or around 5 December 2017. A copy of the Prospectus will, following publication, be available on the Company's website (www.regionalreit.com) and be available for viewing at the National Storage Mechanism at https://www.morningstar.co.uk/uk/NSM. \nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION\n4 December 2017\n \n \nRegional REIT Limited\n \n(\"Regional REIT\" or the \"Company\")\n \nProposed Firm Placing, Placing, Open Offer and Offer For Subscription to raise up to £100 million at an Offer Price of 101 pence per Ordinary Share (the \"Capital Raising\")\n \nRegional REIT (LSE: RGL) is pleased to announce it has agreed to acquire a portfolio of three real estate properties from NW UK III Limited comprising office properties in Woking, Cheshunt and Edinburgh and a portfolio of 17 office properties from Archimedes Real Estate LP (a f...