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SERE raises GBP13.8m at 104p a share

05 February 2016 09:14

Schroder European Real Estate Investment Trust said directors have exercised the right to increase the number of new Ordinary Shares offered pursuant to the Placing.

A total of 13,284,686 new shares have therefore been placed, subject to Admission, at a price of 104p each, raising gross proceeds of about GBP13.8m.

The New Shares represent approximately 12.3% of the issued ordinary share capital of the Company prior to the Placing.

At 9:14am: (LON:SERE) Schroder European Real Estate Investment Trust Plc Ord Gbp0.10 share price was +0.5p at 107p

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