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IN BRIEF: CK Asset says Civitas offer has valid acceptances worth 18%

Wed, 21st Jun 2023 14:33

Civitas Social Housing PLC - Exeter, England-based real estate investment trust - CK Asset receives valid acceptances for a total of around 108.9 million Civitas shares, or around 18% of its share capital. CK unveiled its offer early in May. It is offering 80 pence per share, a 44% premium to Civitas's closing price of 55.4p per share prior to the offer, valuing the company at around GBP485 million.

Current stock price: 79.50 pence

12-month change: down 0.8%

By Greg Rosenvinge, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

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IN BRIEF: CK Asset says Civitas offer has valid acceptances worth 18%

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