KCR Residential REIT plc (AIM:KCR) announced a private placement of 1,729,853 shares at £0.70 per share for gross proceeds of £1,210,897 on March 19, 2018. The shares were subscribed by Energiser Investments plc (AIM:ENGI) alongside other investors. The shares were issued at a 9% discount to net asset value per share.

Pursuant to this transaction, Energiser Investments plc will own a 24.7% shareholding in the company.