Liberty International placing price set at 1350p

UK and South African-listed property group Liberty International plc (LBT) announced that it had placed a total of 25 million new ordinary shares of 50 pence each at a price of 1,350 pence per placing share, raising gross proceeds of approximately Stlg 337.5 million.
 
The shares were placed by Merrill Lynch International and UBS Limited.
 
1.4 million Placing Shares have been placed with the family interests of Sir Donald Gordon at the Placing Price, Liberty International said.
 
The Placing Shares being issued represent 7.4% per cent of Liberty International's issued ordinary share capital prior to the Placing.
 
The group said that application will be made for the shares to be listed on the London Stock Exchange.

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