- Further to the Company's announcement on 14 March 2014 in relation to proposals to raise between £30m and £43m, the Company has today published a prospectus with details of an open offer, placing and offer for subscription seeking to raise £42m of new capital for the acquisition of Scape Greenwich. Up to 39,810,427 New Shares will be issued pursuant to the Issue at an issue price of 105.5 pence per New Share.

Scape Greenwich is a modern, purpose built 280 studio accommodation block located on the Greenwich peninsula in London in close proximity to Ravensbourne College (c.1,600 students), a leading specialist digital media HEI, and the University of Greenwich (c.26,000 students).

At 12:49pm: [LON:DIGS] GCP Student Living Plc share price was -0.13p at 106.5p

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