The board of Directors (the "Board") of LXi REIT (ticker: LXI), the specialist inflation-protected long income REIT, today announces its intention to raise approximately £75 million by way of a placing pursuant to its existing Share Issuance Programme at a price of 133 pence per New Ordinary Share (the "Placing" ).
Yes - I want some. Already have 'a portion'
My first thought is; why no rights for existing holders.
Then I think; If I buy via the offer, the shares will end up in my dealing account - that's not where I want them so there will be a cost to move them.
All this while my EQI accs are being moved to II.
Perhaps I'd best wait on.
See if the they can be bought on the the market direct to my ISA at c135p. That tuppence should balance out the cost moving after buying.
And thanks for mentioning it. I don't see a lot that actually discusses interesting (to me) things