Mar 19 2010
The Board of Metric Property Investments plc (“Metric” or the “Company”), a UK-incorporated specialist retail property investment company, today announces that it has raised gross proceeds of £175 million (before the exercise of the Over-allotment Option) at a price of 100 pence per share (the “Issue Price”) by means of a Placing and Offer for Subscription of Ordinary Shares in the Company (the “Issue”). This exceeds the Company’s initial target to raise gross proceeds of £150 million, as announced on 8 March 2010.
Metric has applied for admission to trading on the main market of the London Stock Exchange (the "LSE") ("Admission"), which is expected to take place on 24 March 2010. The Company will be a real estate investment trust ("REIT") on Admission.
Conditional dealings in Metric’s Shares are expected to begin today at 8.00 a.m. and unconditional dealings in Metric’s Shares are expected to commence on 24 March 2010 at 8.00 a.m. under the ticker METP.
The full article can be found in the attached file.
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