Grainger Plc announces equity placement

  • The company announces a placement of up to 61.2 million new ordinary shares, representing 9.99% of its issued capital
  • The expected gross proceeds from the issue is £185 million
  • The funds from the issue will be utilised to advance its PRS investment pipeline
  • On 13th February 2020, at the time of writing, GMT 09:18 AM, GRI shares were trading at GBX 312.40, up by 0.2 points or 0.06% against the previous day closing price.