When you’re a reporting accountant on a Main Market listing, it’s vital to present requirements in a digestible way, says Diane Gwilliam.
In October 2015 Regional REIT, the real estate company, was admitted to the premium listing of the Official List. In conjunction 80 million existing shares were placed at £1 per share. On admission, the group’s market cap was £274.2m.
Peel Hunt acted as sponsor, broker and financial adviser. The company’s legal advisers were MacFarlanes (for UK law), and Carey Olsen (for Guernsey law). Jones Day provided legal advice to Peel Hunt. We were reporting accountants, reporting on the historical financials, financial due diligence, working capital review and the group’s financial systems and controls.
The deal was underpinned by Toscafund, as investment manager, and London & Scottish Investments as asset manager.
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