Business
Response to Press Speculation
Response to Press Speculation.
About this update from Regional Reit Ltd.
[{"type":"text","content":"\n\nTHIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN ARE FOR INFORMATION PURPOSES ONLY AND DO NOT CONSTITUTE AN OFFER OF SECURITIES IN ANY JURISDICTION.\nThis announcement contains certain inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (\"MAR\"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.\n 12 March 2024\nREGIONAL REIT LIMITED\n(\"Regional REIT\" or the \"Company\", together with its subsidiaries the \"Group\")\nResponse to press speculation\nFurther to the Q4 trading update published on 2 February 2024 and the dividend declaration announcement on 22 February 2024 (together, the \"Previous Announcements\"), Regional REIT (LSE: RGL) notes the recent press speculation regarding the possibility of the Company undertaking an equity capital raise of around £75 million.\nAs indicated in the Previous Announcements, the Company is actively exploring a range of refinancing options, including debt and/or equity, in respect of the existing £50 million retail bond (the \"Retail Bond\") given its maturity date in August 2024. \nThe Company confirms that significant preparatory work has been undertaken to date in respect of both the debt and equity options, which remain under active consideration.\nIn the event that the Company proceeds with an equity issue, the Company expects that it would be at a material discount to the Company's current share price and would be subject to, amongst other things, shareholder approval.\nThe Company continues to consider its options and a further announcement will be made when appropriate.\n- ENDS -\n \nEnquiries:\n \n\n\n\n\nRegional REIT Limited\n\n\n \n\n\n\n\nPress enquiries through Buchanan\n\n\n\n\n\n\n\n\n\n\n\n\nARA Europe Private Markets Limited\n\n\nTel: +44 (0) 20 7845 6100\n\n\n\n\nInvestment Adviser to the Group\n\n\n\n\n\n\n\nAdam Dickinson, Investor Relations\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nLondon & Scottish Property Investment Management \n\n\nTel: +44 (0) 141 248 4155\n\n\n\n\nAsset Manager to the Group\n\n\n\n\n\n\n\nStephen Inglis\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nBuchanan Communications\n\n\nTel: +44 (0) 20 7466 5000\n\n\n\n\nFinancial PR\n\n\n\n\n\n\n\nCharles Ryland,...