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LG advises Cenkos Securities plc on Summit Germany Limited's admission to AIM

28 Feb 2014

Lawrence Graham LLP has advised Cenkos Securities plc, nominated adviser and broker to established Germany commercial real estate company, Summit Germany Limited ("Summit Germany"), on a placing of new ordinary shares for Summit Germany and the admission of its shares to trading on the AIM market of the London Stock Exchange.  Admission took place on 26 February 2014.

Summit Germany has raised approximately €34.6 million by placing 54.9 million new ordinary shares at €0.63 each, giving Summit Germany a market capitalisation of approximately €185 million at the placing price.  The net proceeds of the placing will be used to finance acquisitions from Summit Germany 's €250 indentified pipeline of potential property acquisitions.

The Lawrence Graham team was led by Corporate Partner, Jeffrey Elway with assistance from Jenna Beever and Amy Pilmer (Associates).  Summit Germany was advised by Norton Rose Fulbright.

Matter Type
Banking & Finance - Capital Markets: Equity
Industry
Finance & Banking
News Category
Banking & Finance