Elite UK REIT has successfully closed its private placement, raising £7.4m through the issuance of 25 million units at £0.296 each. The placement, managed by Elite UK REIT Management Pte. Ltd. and underwritten by Maybank Securities Pte. Ltd. and RHB Bank Berhad, concluded on 16 June 2026 with significant interest from institutional investors, long-only funds, and high net worth individuals.
The private placement units were priced at a 13.12% discount to the volume weighted average price of £0.3407 per unit on the Singapore Exchange (SGX-ST) from the previous trading day. This strategic pricing was determined through a book-building process, ensuring the placement’s success and oversubscription.
The trading of these units on the SGX-ST is anticipated to begin at 9:00 a.m. Singapore time on 25 June 2026. This development marks a significant milestone for Elite UK REIT, enhancing its capital base and investor profile.
The successful completion of this private placement underscores the confidence investors have in Elite UK REIT’s management and future prospects, setting the stage for continued expansion and value creation.
