20 November – LAWFUEL – The Law News Network – Allen & Overy LLP advised The UNITE Group plc, the UK’s leading provider of value-for-money, high quality accommodation services for students, on its £31 million share placement.
9,393,939 New Ordinary Shares were issued at 330 pence per share, representing approximately 8.4 per cent of UNITE’s issued ordinary share capital prior to the placing.
Corporate partner Susan Howard is leading the Allen & Overy team, assisted by Ed Barnett and Duncan Bellamy.
Commenting, Susan said: “The market in which UNITE operates is evolving rapidly and the share placement will allow it to fund further business development which will augment its leading position in the sector”.
For further information, please contact Jo Shepherd (jo.shepherd@allenovery.com) on +44 (0) 20 7330 2195 or Charlotte Hart (charlotte.hart@allenovery.com ) on +44 (0) 20 7330 4871
