Learn more

By Lars Mucklejohn Regional REIT has laid out plans to raise around £110.5m from a new share offer as the troubled UK office real estate investment trust laid out plans to deal with its debts. The company said the fundraise would be fully underwritten by Bridgemere, part of the Bridgemere group of companies established by Steve Morgan CBE. It also said it would undertake a one-for-10 share consolidation. The 1,105,149,821 new ordinary shares are to be issued at 10p per share—a discount of 50.4 per cent to the last closing price of 20.2p and 82.3p to the company’s last published net tangible as…

cuu