Regional REIT (GB:RGL) has released an update.
Regional REIT successfully completed a capital raising of approximately £110.5 million through a fully underwritten placement, which will significantly reduce the company’s loan-to-value ratio from 56.8% to 40.6%, enhancing financial flexibility and allowing for repayment of its retail bond. Shareholder approval was granted at an Extraordinary General Meeting, with shares being consolidated at a ratio of one new share for every ten existing shares. The move positions the company for long-term growth and value maximization for its shareholders.
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