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SEGRO Placing and Retail Offer

meldrewlives
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SEGRO Placing and Retail Offer

#317475

Postby meldrewlives » June 11th, 2020, 10:48 am

Done in a very great hurry. SEGRO management claims they respected the pre-emption rights of, in particular, retail shareholders. I do NOT agree given the timetable.

Alaric
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Re: SEGRO Placing and Retail Offer

#317507

Postby Alaric » June 11th, 2020, 11:41 am

Seems like you had to be signed up to an outfit called Primary Bid.

https://www.primarybid.com/

Urbandreamer
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Re: SEGRO Placing and Retail Offer

#317523

Postby Urbandreamer » June 11th, 2020, 12:02 pm

I haven't subscribed to the offer. But I have joined priamary bid.

PB seems quite a good idea and certainly an improvement upon the intitutional placings of a few years ago.

The SEGRO email was the first that I recieved from them.

More on primary bid here.
https://www.investorschronicle.co.uk/th ... prejudice/

Dod101
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Re: SEGRO Placing and Retail Offer

#317529

Postby Dod101 » June 11th, 2020, 12:09 pm

They certainly did respect the retail shareholders which is more than can be said for most of the recent placings. I was not signed up to Primary Bid but that was my fault not theirs. The whole idea of placings is to cut costs and time so I have no complaints. However the placing seems only to be for an additional 7% of shares so the dilution is not huge in any case. Given the chance, I might well have participated, though.

Dod

carioca
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Re: SEGRO Placing and Retail Offer

#317654

Postby carioca » June 11th, 2020, 4:50 pm

Just in case there are any other "foreigners" interested:

Registration for PB is only possible with a UK address.

supremetwo
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Re: SEGRO Placing and Retail Offer

#318015

Postby supremetwo » June 12th, 2020, 6:12 pm

First I heard of Primary Bid was via this thread - nothing via my existing shareholdings.

And just a 2 hour window even if one had been informed.

You also need to have funds readily available via a debit card and you are obviously unable to do a deal via Primary Bid using funds within an ISA or a SIPP.

johnhemming
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Re: SEGRO Placing and Retail Offer

#318058

Postby johnhemming » June 12th, 2020, 8:50 pm

I signed up to primary bid recently, but have not subscribed yet.


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