Residential Secure Income PLC - real estate investment trust focused on retirement living and shared ownership homes - Raises GBP15 million in total from placing and retail offer of new shares at 108.5 pence, short of targeted maximum of GBP20 million. Residential Secure will issue 13.8 million new shares, about 7.5% of its expanded total. The offer price was a 1.3% premium to Residential Secure Income's ex-dividend EPRA net tangible assets per share of 107.11p as of December 31. The placing was run by Jefferies International Ltd and retail offer was conducted via the PrimaryBid platform. The fresh cash will to go toward a planned GBP39 million in shared ownership transactions on 272 homes in southern England.
Current stock price: 108.84p, up 0.6% on Thursday
12-month change: up 21%
By Tom Waite; thomaslwaite@alliancenews.com
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Residential Sec (RESI)