RE: 16.3 million buy...17 Dec 2015 09:35
I should've read the RNS first:
"The aggregate consideration for the two purchases of £16.75 million along with an element of capital expenditure at the site and transaction costs will be funded by a sale of ordinary shares of 10p each in the capital of the Company, which are currently held in treasury, to funds managed by Woodford Investment Management LLP. The Group has sold 16,396,300 shares ("Treasury Shares"), representing 5.0 per cent. of the Company's existing issued share capital, at 110 pence per share, a premium of 1.9 per cent. to the closing mid-market price of 108 pence on 16 December 2015, to raise £18.0 million before expenses. The property transactions are expected to complete on or around 23 December 2015."