Tritax Big Box REIT’s board of directors has proposed a placing of ordinary shares and a separate offer of ‘retail offer shares’ to raise gross proceeds of approximately £300m.
The total number of placing shares, retail offer shares and ordinary shares being issued are expected to represent 8% of the existing issued ordinary share capital. The new ordinary shares will be entitled to the next quarterly dividend declared by the company for the quarter ending 30 September 2021. Fidelity appointment to Genesis EM trust highlights sector's drive for retail investors Colin Godfrey, CEO, Fund Management, said: "Over the past two years our logistics focused land portfolio, which we believe to be the largest in the UK, has continued to mature with planning conse...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
