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Tritax Big Box REIT raises £200m in share sale of substantial over-subscription

Tritax Big Box REIT has raised gross proceeds of £200m through the issuance of 161.3m ordinary shares, which included issuing a £50m tap issue to meet excessive investor demand from the placing.
By James Wallace
February 12, 2016 | 3:54 P.M.

Both share offers were placed on identical terms, issued at a price of 124 pence per ordinary share, which reflected a 5.8% discount on the share price at close of business on 26 January, the day prior to share placing announcement.

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News | Tritax Big Box REIT raises £200m in share sale of substantial over-subscription