Quintain Estates and Development has confirmed it is considering embarking on an equity raising. The London-listed property company was responding to media speculation that it would seek to raise £100 mln (EUR 106 mln)
Quintain Estates and Development has confirmed it is considering embarking on an equity raising. The London-listed property company was responding to media speculation that it would seek to raise £100 mln (EUR 106 mln)
In a statement, Quintain said: 'The company confirms that it is considering, among other options, the possibility of an equity capital raising and any decisions will be communicated to shareholders as appropriate.' Quintain's share price has dropped 95% in the last year. The shares rose by as much as 15% after the news to 25.30p, before slipping back to 22.75p.
The UK majors, Land Securities, British Land, Hammerson and Segro have already unveiled rights issues to raise a total of more than £2 bn (2.1 bn).
