12 June 2013 – placing
The group has announced that it has raised £20m through a placing of 8m shares with institutional investors at 250p. The money will be used to acquire and construct new developments as the company looks to build on the significant success it has already enjoyed. The placing took place at a very small discount to the prevailing share price of 252.5p and was oversubscribed, demonstrating the popularity of the shares with investors. The shares remain a FIRM HOLD.