Empiric Student Property raises £75m
Empiric Student Property has raised £75m through a placing, US private placement and subscription.
The issue was oversubscribed at the maximum size of £75m, significantly exceeding the target amount of £50m.
The board, in consultation with Jefferies International Limited, exercised its right to increase the size of the issue with a total of 70,921,985 shares to be issued at 105.75p apiece. 58,746,867 shares will be issued under the placing and 12,175,118 shares will be issued under the US private placement and offer for subscription …