Sirius Real Estate Raises £146.6m in Funding for Expansion and Acquisitions
Sirius Real Estate, a prominent property investment company, has recently concluded a successful funding round, generating £146.6m. This injection of capital will allow the company to pursue numerous exciting opportunities for expansion and acquisitions in the near future.
To secure funding, Sirius Real Estate issued 170,417,384 new ordinary shares, which represents approximately 14.5% of the company’s share capital prior to the raise. The offer price for these shares was set at 86.0p per share, representing a discount of 5.9% compared to the closing share price on November 17, 2023.
Upon the admission of these new shares on November 24, 2023, the total number of ordinary shares in Sirius Real Estate will increase to 1,348,140,369. This significant influx of funds will position the company for substantial growth and expansion in the coming years.
Andrew Coombs, the CEO of Sirius Real Estate, expressed his excitement and appreciation for the successful capital raise. He emphasized that this funding round is a testament to the company’s growth-focused strategy and the consistent value it creates through outstanding operational performance. Coombs further expressed gratitude for the strong demand shown by both existing and new institutional investors, as well as retail investors. With this capital injection, Sirius Real Estate is eager to invest in upcoming acquisition opportunities and leverage its operating platforms in the UK and Germany to maximize the value of these assets.
This funding round marks a significant milestone for Sirius Real Estate, highlighting the company’s ambitions and investor confidence in its growth prospects. The secured capital will undoubtedly play a crucial role in driving forward Sirius Real Estate’s mission to create substantial value in the real estate market.
FAQs
- What is the purpose of Sirius Real Estate’s recent funding round?
The funding round of £146.6m aims to provide capital for Sirius Real Estate to pursue attractive acquisition opportunities in the near future and support its expansion plans. - How many new ordinary shares were issued by Sirius Real Estate?
Sirius Real Estate issued 170,417,384 new ordinary shares, which represent around 14.5% of the company’s share capital prior to the funding round. - What is the offer price of the new shares?
The offer price of the new shares is 86.0p per share, which is a 5.9% discount compared to the closing share price on November 17, 2023. - How will the funding impact Sirius Real Estate’s share capital?
Following the admission of the new shares on November 24, 2023, the total number of ordinary shares in the company will be 1,348,140,369. - What are Sirius Real Estate’s future plans with the raised capital?
Sirius Real Estate intends to invest the raised capital into its near-term pipeline of attractive acquisition opportunities and utilize its operating platforms in the UK and Germany to add further value to these assets.
The source of the article is from the blog zaman.co.at