Pinewood Group is to issue 8m new shares to raise a projected £30m for development of the Pinewood Studios site in west London.
In addition to the proposed share issue, the company has secured a £135m bank facility with Lloyds Banking Group, RBS, Barclays Bank and HSBC.
In total Pinewood will have £28.7m of proceeds to use in conjunction with the new debt facilities for the development of phase one of its Pinewood Studios Development Framework plans.
An additional 8.3m shares will also be placed with existing shareholders.
The expected issue price of all the shares will be 375p.
All share issues will be subject to shareholder approval at the general meeting on 16 April.
