First Property Group Concludes Successful Open Offer

First Property (GB:FPO) has released an update.

First Property Group plc has successfully completed its Open Offer, receiving acceptances for approximately 83.63% of the available shares and raising £2.96 million before expenses. The remaining shares were subscribed for by underwriters Ben Habib and Alasdair Locke. The funds will be used to settle payments for the Blue Tower property, fit-out leased space, and provide capital expenditure incentives for tenants.

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