Target Healthcare REIT plc Share Offer
This offer is now closed for applications through interactive investor
Result of the Initial Issue
- The Issue Price was set at £1.11 per New Ordinary Share
- Target Healthcare REIT plc (THRL) has successfully raised gross proceeds of £60 million
- Applications will be made to the London Stock Exchange for 54,054,054 New Ordinary Shares to be admitted to trading on the main market of the London Stock Exchange.
- Allocations have been met in full, meaning customers will receive 100% of the amount they applied for, rounded down to the nearest share.
- Share allocations and uninvested cash are being credited today (Friday 26 February 2021). Confirmation of allocations will be sent once the shares and refunds are showing on accounts
- Please note the allocation policy was set by THRL and not Interactive Investor.
Offer period
- The Offer Period for the Target Healthcare REIT plc share offer closed at 9am on Wednesday 24 February 2021.
Trading starts
- Admission and unconditional dealing in the New Ordinary Shares is expected to commence at 8am on Wednesday 3 March 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 BJGTLF5 and trade under the symbol "THRL".
- If you buy or sell Target Healthcare REIT plc Ordinary Shares after admission the relevant share dealing rate will apply.
Malcolm Naish , Chairman of the Company, said:
"We are very pleased to have completed this oversubscribed equity raise and would like to thank all our investors for their ongoing support. Given the challenges that our sector has faced over the past 12 months, this is a strong endorsement of the Company's investment case, purpose and outlook as we emerge from this pandemic and resume the careful expansion of the portfolio in line with our stringent investment strategy."
Key information
| Issue price per share: | 111 pence |
| Minimum investment: | £1,000 (multiples of £1 thereafter) |
| Stock ticker: | THRL |
| SEDOL: | BJGTLF5 |
Expected timetable
| Offer open: | 12 February 2021 |
| Offer close: | 24 February 2021 (9am) |
| Result announced: | 26 February 2021 |
| Unconditional dealing starts: | 3 March 2021 (8am) |
Offer documents
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 THRL Prospectus in accordance with the Company's consent and the conditions set out in the THRL 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.
"Target Healthcare REIT plc" and the Target Healthcare REIT plc logo are registered trademarks of Target Healthcare REIT plc. Reproduced by kind permission of Target Healthcare 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.