Home REIT plc Share Offer
This offer is now closed for applications through interactive investor
Results of Initial Issue
- The Issue Price was set at 109 pence per new Ordinary Share
- Home REIT plc (HOME) has successfully raised gross proceeds of £350 million.
- Applications have been made to the London Stock Exchange for 321,100,917 New Ordinary Shares to be admitted to trading on the London Stock Exchange's main market.
- Demand exceeded both the target issue size and the maximum issue size.
- Allocations have been met in full, meaning customers will receive 100% of the amount they applied for, rounded down to the nearest whole share.
- Share allocations and uninvested cash are being credited today (Thursday 23 September 2021). Confirmation of allocations will be sent once the shares and refunds are showing on accounts
- Please note the allocation policy was set by HOME and not Interactive Investor.
Offer period
- The Offer Period for the Home REIT plc Share Offer closed at 1pm on Wednesday 22 September 2021.
Trading starts
- Admission and unconditional dealing in the new Ordinary Shares is expected to commence at 8am on Monday 27 September 2021. There is no conditional dealing period.
- When admitted to trading, the new Ordinary Shares will be registered with SEDOL (Stock Exchange Daily Official List) number BJP5HK1 and trade under the symbol "HOME".
- If you buy or sell Home REIT plc Shares after admission the relevant share dealing rate will apply.
Lynne Fennah, Chairman of Home REIT plc commented:
We are grateful to our existing shareholders and new investors for their support which has led to strong demand and resulted in us raising an upsized amount of £350 million. The proceeds of this capital raise will enable us to continue Home REIT's mission of working with our tenant partners to provide critically needed accommodation for people at risk of homelessness in the UK in a sustainable way. Our focus now is to deploy the equity, growing the number of homes in the portfolio from our identified pipeline.
Key information
| Issue price per share: | 109 pence |
| Minimum investment: | £1,000 (multiples of £1 thereafter) |
| Stock ticker: | HOME |
| SEDOL: | BJP5HK1 |
Expected timetable
| Offer open: | 2 September 2021 |
| Offer close: | 22 September 2021 (1pm) |
| Result announced: | 23 September 2021 |
| Unconditional dealing starts: | 27 September 2021 (8am) |
Offer announcements
This website is issued by, and is the sole responsibility of, Interactive Investor Services Limited. This website is an advertisement and not a Prospectus. Any application to participate in the Offer can and will only be made on the basis of the Prospectus, together with any supplements thereto.
Interactive Investor Services Limited uses the Home REIT plc Prospectus in accordance with the Company's consent and the conditions set out in the Home REIT plc Prospectus.
Investing in IPOs carries a high degree of risk. If you are unsure of the suitability of an investment please seek Financial Advice. You are not guaranteed to make a profit, the value of your investments can go down as well as up. You may not get back all the money you invest. Any notification of an IPO on our website is not an endorsement of the issue, nor is it solicitation for interest in the issue. Investment in the Company should not be regarded as short-term in nature. You should consider carefully all of the information set out in the Offer documents, including all the risks attached to investing in the Company before you apply.
"Home REIT plc" and the Home REIT plc logo are registered trademarks of Home REIT plc. Reproduced by kind permission of Home REIT plc. All rights reserved.
This announcement has been published by Interactive Investor Services Limited.
This announcement has been prepared and is the sole responsibility of Interactive Investor Services Limited of Exchange Court, Duncombe Street, Leeds, LS1 4AX, which is an authorised person for the purposes of the Financial Services and Markets Act 2000.