Impact Healthcare to raise at least £25m

Impact to raise at least £25m
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Impact Healthcare REIT plans to raise at least £25m through the placing of new ordinary shares to help pay down its revolving debt facilities and fund investments.

The issue price per new ordinary share will be 106 pence, which represents a discount of 2.3% to the closing price per ordinary share on 12 April of 108.5 pence.

The placing is expected to close at 2pm on 9 May, with the results announced on 10 May.

Impact will announce its unaudited net asset value as at 31 March on or around 1 May.

Winterflood Securities Ltd and RBC Capital Markets are acting for the company in relation to the placing.