June 9, 2020 / 3:59 PM / 25 days ago

UK's Segro to raise 650 mln pounds via private share placement

June 9 (Reuters) - Warehousing specialist Segro Plc on Tuesday said it would raise about 650 million pounds ($827.58 million) through private share placement, and kept its dividend policy unchanged.

The company said it would continue to target a payout ratio of 85% to 95% of adjusted profit after tax, adding that it intended to declare an interim dividend of 6.9 pence per share ($1 = 0.7854 pounds) (Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Vinay Dwivedi)

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