Acquisition OpportunitiesThe proceeds of the raise are to be deployed into acquisition opportunities, with £30m allocated for two identified assets in Manchester and Edinburgh.
Earnings GrowthA permanent 2.5% increase in earnings per share from FY25 is expected, offsetting the dilution of NTA per share.
Financial StrategyEmpiric has established a track record for good balance sheet management, having achieved its LTV target in each of the 10 years since IPO.