UK's Unite Group slips on discounted secondary placement

Unite

19/06/2026 08:38

** Shares of student housing provider Unite Group UTG.L down 4.5% at 509 pence, among top losers in the FTSE mid-cap index .FTMC, which is down 0.3%
** Company launches secondary placing block trade of 36.2 million shares, representing about 7% of issued share capital, says bookrunner
** Bookrunner adds investors bidding below £5.15 per share, a 3.2% discount to last close risk missing offer
** YTD, the stock is down ~7%

 (Reporting by Neeshita Beura in Bengaluru)
 ((Neeshita.Beura@thomsonreuters.com))