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Latest News: Growthpoint Properties Ltd. GROWPNT [GRT]

Thu, 14 Aug 2025	Official Announcement [TB]
Growthpoint - NewRiver REIT plc shares placement The Board announced that on 13 August 2025, Growthpoint successfully placed all of its shares (67.4 million ordinary shares) in NewRiver Reit plc ("NewRiver"), which it acquired as part consideration for selling its stake in Capital & Regional plc, at a price of GBP75 pence per share, raising gross sale proceeds of GBP50.5 million: - 47.7m NewRiver shares were acquired by NewRiver in terms of a share buyback by the company; and - The remaining 19.7m NewRiver shares were placed in the market by means of an Accelerated Book Build program. The cash proceeds from the placement will be utilised by Growthpoint to strengthen its current balance sheet position and/or pursue select investment opportunities in line with its communicated strategy.
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