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Provider: Thomson Reuters Stock Report
$25.00
Provider: Reuters Investment Profile
$20.00
Provider: Peel Hunt
$23.00
Provider: Edison Investment Research
$10.00

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Primary Health Properties PLC Announces Proposed Firm Placing And Placing, Open Offer


Wednesday, 22 May 2013 02:00am EDT 

Primary Health Properties PLC announced a share issue to raise gross proceeds of up to GBP60.0 million (approximately GBP58.0 million net of expenses) through the issue of up to 19,047,618 new Ordinary Shares by way of a Firm Placing and Placing, Open Offer and Offer for Subscription at a price of 315 pence per New Share. The Issue Price represents a discount of 6.3 per cent. to the Closing Price of 336.25 pence per Ordinary Share on May 21, 2013. Issue of 7,301,587 new Ordinary Shares through a Firm Placing raising gross proceeds of GBP23.0 million. The Firm Placing is underwritten by Numis and Peel Hunt. Issue of up to 11,746,031 new Ordinary Shares pursuant to a Placing, Open Offer and Offer for Subscription to raise gross proceeds of up to GBP37.0 million. Qualifying Shareholders are being offered the opportunity to participate in the Open Offer on the basis of 1 Open Offer Share for every 10 Existing Ordinary Shares. qualifying Shareholders are also being offered the opportunity to subscribe for New Shares in addition to their Basic Entitlements under the Excess Application Facility. The Board has the ability to increase the size of the Capital Raising by up to 25 per cent should there be sufficient demand so that the gross proceeds would be approximately GBP75.0 million 

Company Quote

346.25
-0.75 -0.22%
7:34am EDT