Big Yellow Group PLC (LSE:BYG) has raised £110 million from investors that will be used to “build-out” the group’s pipeline of potential self-storage units.
Stock was issued at 945p, a modest discount to Tuesday’s closing price. £108.4 million worth of stock was placed with professional investors, while £1.6 million came from private shareholders.
Management chipped £2.85 million into the fundraiser.
The stock opened 1.2% lower at 961p.