- Globalworth said it would raise funds by placing shares at a discount to fund an investment pipeline in Poland.

The company plans to place 28,571,626 shares at a price of €9.25 a share, representing a discount of approximately 4.6% to the closing price of €9.70 a share at the close of business on 30 September 2019.

Proceeds would be used to fund the near-term investment pipeline of approximately €320m.

The potential investments comprised five properties, one standing and operating and four at various stages of development to be acquired upon completion -- expected between the fourth quarter of 2019 and mid-2021, the company said.

At 9:21am: [LON:GWI] Globalworth Real Estate Investments share price was +0.15p at 9.6p

Story provided by