skip to content

Market News

Harworth raises £27.8m

17 March 2017 08:08

Harworth, the brownfield regeneration and property investment specialist, has conditionally raised £27.8m,gross, through a placing of 29,226,974 new ordinary shares at 95.0p to accelerate continued expansion of its strategic land bank.

Chief executive Owen Michaelson said: "An important part of our strategy is to replenish our land and property portfolio, both by securing new recurring income streams and to grow and expand our strategic land bank, which is fundamental to us continuing to deliver value to our shareholders.

"While we have made good progress in the past two years in securing valuable acquisition opportunities, today's Placing enables us to accelerate our acquisition strategy through the funding of the purchase of, and investment in, further sites to support the long term growth prospects of the business."

At 8:08am: (LON:HWG) Harworth Group Plc share price was 0p at 96.5p

Story provided by

Related Company: HWG

Info Point:

To buy or sell shares call our Dealing Room on 0113 243 6941.

Too much jargon? Our glossary will help make sense of things.

Find out more about our Share Dealing Services.

Client Area Access

» Secure Login

» Not registered yet?

Aberdeen Ediston

Branch Finder

Redmayne-Bentley have High Street branches throughout the UK. Find your nearest branch.