Urban Logistics, the specialist UK logistics REIT has raised a further £250 million through a significantly oversubscribed Initial Placing, Offer for Subscription and Intermediaries Offer.
Due to the strength and quality of demand from investors, the Board determined to increase the size of the Issue from £200 million to £250 million. Notwithstanding this increase, investor demand significantly exceeded the issue’s maximum size, and a scaling back exercise was undertaken.
On 7th December, the Company the admission commenced on the premium segment of the Official List and to trading on the London Stock Exchange’s main market, which involved the simultaneous cancellation of trading on AIM.
The Perivan shareholder communications team were delighted to work with Singer Capital Markets, who acted as Sponsor and Joint Financial Adviser to Urban Logistics on the 187–page prospectus.
Perivan specialises in producing and publishing financial documents relating to shareholder and investor communications for quoted companies, private companies, and open and closed-ended funds.