Globalworth (GWI) has announced that it is raising €200m via a subscription by two investors for 25m new shares priced at €8. As well as significantly increasing GWI’s capital available for investment, the terms of the subscription introduce a new dividend policy similar to that of a REIT and strengthen corporate governance structures, in line with its institutional shareholder base. GWI will pay dividends equivalent to at least 90% of FFO and has indicated a total payment of
06 Dec 2016
Capital increase marks a step change
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Capital increase marks a step change
Globalworth Real Estate Investments Limited (GWI:LON) | 249 -5 (-0.8%) | Mkt Cap: 628.1m
- Published:
06 Dec 2016 -
Author:
Julian Roberts -
Pages:
5
Globalworth (GWI) has announced that it is raising €200m via a subscription by two investors for 25m new shares priced at €8. As well as significantly increasing GWI’s capital available for investment, the terms of the subscription introduce a new dividend policy similar to that of a REIT and strengthen corporate governance structures, in line with its institutional shareholder base. GWI will pay dividends equivalent to at least 90% of FFO and has indicated a total payment of