Investors rush to support WH Smith Covid-19 raise

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By Sam Kerr
07 Apr 2020

Investors stepped up on Monday night to support UK retailer WH Smith in its struggle with Covid-19 disruption in a £165.9m equity raise. Assura, the UK REIT focused on GP surgeries and NHS properties, also raised £185m of investment capital on Monday night.

Barclays, BNP Paribas, HSBC, JP Morgan were the global co-ordinators on the 15.75m share transaction for WH Smith, which, along with a placing just under 51k shares to management, was worth 13.7% of the company’s share capital.

The shares were sold at £10.50 a ...

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