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BRIEF-Regional REIT seeks 274 mln stg market value in London listing
November 3, 2015 / 7:27 AM / 2 years ago

BRIEF-Regional REIT seeks 274 mln stg market value in London listing

Nov 3 (Reuters) - Regional REIT Ltd:

* Announces admission to trading on main market for listed securities of London Stock Exchange

* Will have 274,217,264 ordinary shares in issue at admission which, at placing price, would equate to a market cap on admission of c. 274.2 mln stg

* Prospectus is expected to be published later today

* Target dividend yield of 7 to 8 percent on placing price of £1.00 per ordinary share and 10 to 15 pct annual total property returns

* 80,000,000 existing ordinary shares are being placed on behalf of selling shareholders at £1.00 per share

* Expected that admission will become effective and dealings in ordinary shares will commence at 8.00am on Nov. 6, 2015 Source text on Eikon: (Bengaluru Newsroom: +91 806 749 1136)

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