Reit 1 Ltd (TASE:RIT1) announced a private placement of 3,360,000 shares at a price of ILS 14.9 per share for gross proceeds of ILS 50,064,000 on September 12, 2018. The transaction will include participation from Altshuler Shaham Provident Funds and Pension Ltd. The shares have a par value of ILS 1 per share and will be issued at premium. The shares will be subject to a hold period of six months.

The transaction has been approved by the board of directors of the company.