The blog portfolio will subscribe for it’s entitlement for the new shares to be issued at 10p.

With the cash from IDIG, dividends payable and current cash, there will enough cash, with no need to sell anything.

RGL intends to continue to pay dividends to keep its REIT status but they will be diluted by the new shares being issued.

When the new shares are issued the blog portfolio will be overweight with RGL so the intention is to sell some into the market if the price is favourable.