Safestore reaches LTV target with capital raise

By Nina Flitman
31 Jan 2014

Safestore, the UK self-storage facility provider, has reached its target loan to value ratio of 40% after completing a £32.5m capital raise on Thursday.

The transaction, led by Citi and Investec as bookrunners, saw the sale of 18.6m shares — representing around 9.9% of the existing share capital. The volume was equivalent to 30 days average trading volumes in the UK. The shares were priced at 175p each, a slight discount to ...

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