The board of Triple Point Social Housing REIT PLC plans to issue C shares to raise up to £200 million to finance potential investment opportunities.
The shares, to be offered via a pre-emptive open offer, placing and offer for subscription, are expected to be admitted to the standard segment of the official list of the London bourse, with the prospectus set to be published in March. The residential real estate investment trust is also in talks to sign a bilateral-term debt facility in April to gather more funds for future investments, according to a release.
Additionally, the REIT's board seeks to admit the company's ordinary shares to the premium segment of the official list of the U.K. Listing Authority and to shift its trading venue to the premium segment of the main market of the London Stock Exchange.
The admission of shares and the issuance is expected to take place simultaneously, the company added.