Yew Grove Reit is issuing up to 100 million new shares through a 12 month share issue programme. Yew Grove Reit is issuing up to 100 million new shares through a 12 month share issue programme. Shares will be issued in a number of tranches, with the initial placing of between eight million and 10 million initial placing shares at the price of €1.00 each. Yew Grove said it has identified an “attractive industrial property portfolio” that is available for acquisition for €13m in value, representing a 7.6pc net investment yield. Investec is acting as Euronext growth advisor, nominated adviser and joint bookrunner, alongside Goodbody as joint bookrunner and Guy Butler as placing agent to the company in relation to the initial placing.
Source: Irish Independent June 13, 2019 07:41 UTC