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BRIEF-Warehouse REIT announces 175 mln stg share sale

June 18 (Reuters) - Warehouse REIT PLC:

* ANNOUNCES PROPOSED ISSUE OF FURTHER ORDINARY SHARES IN COMPANY TO RAISE GROSS PROCEEDS OF UP TO £175.0 MILLION

* FIRM PLACING OF UP TO 68,181,818 NEW ORDINARY SHARES TO BE CONDUCTED THROUGH AN ACCELERATED BOOKBUILD PROCESS WHICH WILL BE LAUNCHED IMMEDIATELY FOLLOWING THIS ANNOUNCEMENT

* ISSUE PRICE IS 110.0 PENCE PER NEW ORDINARY SHARE. THIS REPRESENTS A PREMIUM OF 0.5 PER CENT. TO NET ASSET VALUE PER ORDINARY SHARE AS AT 31 MARCH 2020 (AUDITED) OF 109.5 PENCE PER ORDINARY SHARE

* The Issue Price represents a discount of 1.3 per cent. to the Closing Price per Ordinary Share on 17 June 2020 of 111.5 pence per Ordinary Share Source text for Eikon: Further company coverage: (Reporting By Sinead Cruise)

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