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Workspace Group raises £180M in ordinary shares placement

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Workspace Group raises £180M in ordinary shares placement

London-based office real estate investment trust Workspace Group PLC raised gross proceeds of about £179.5 million in an offering of 16,320,062 new ordinary shares, priced at £11.00 apiece.

The shares being issued represent about 9.96% of the REIT's issued ordinary share capital before the placement.

BofA Merrill Lynch and Liberum Capital Ltd. were the joint book runners and joint sponsors for the offering.