British Land Company plc (GB:BLND) has released an update.
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British Land Company plc has announced an opportunity for retail investors to subscribe for new Ordinary Shares via PrimaryBid, alongside an institutional placing and director subscriptions at a determined issue price post-bookbuilding. The Retail Offer prioritizes existing shareholders, with a minimum £250 subscription, and aims to fund their recent acquisition of a portfolio of retail parks. The offer, conditional on listing and trading approvals, underscores the company’s commitment to its retail investor base and will close on 2 October 2024.
For further insights into GB:BLND stock, check out TipRanks’ Stock Analysis page.
