18 June 2015
Standard Life
Investments Property Income Trust Limited
Result of
Placing
Further to the announcement on 12 June
2015, the Board of Standard Life Investments Property Income
Trust Limited (the “Company”) is pleased to announce that it has
raised £9.3 million through the issue of 11,607,923 new ordinary
shares of 1 penny each in the Company (the “New Shares”) at a price
of 80.25 pence per New Share (the
“Issue”).
The Issue was oversubscribed and, as such, the placing has
closed early and orders have been scaled back accordingly. The
number of New Shares to be issued reflects the maximum amount
permissible without the publication of a prospectus pursuant to the
prospectus exemption PR1.2.3(1).
The net proceeds of the Issue will be used to invest in current
opportunities in line with the Company’s investment policy.
Applications will be made for the New Shares to be admitted to
the premium segment of the Official List and to trading on the Main
Market of the London Stock Exchange. It is expected that dealings
in the New Shares will commence at 8.00
a.m. on 24 June 2015.
The New Shares will, when issued, be credited as fully paid and
rank pari passu with the existing ordinary shares of 1 penny
each in the capital of the Company (“Ordinary Shares”), including
the right to receive all future dividends and distributions
declared, made or paid.
The total number of Ordinary Shares in issue stands at
288,387,160 following the Issue, and the total number of voting
rights in the Company is 288,387,160. There are no shares held in
Treasury.
The above figure may be used by shareholders as the denominator
for the calculations by which they will determine if they are
required to notify their interest in, or a change to their interest
in, the Company under the FCA's Disclosure and Transparency
Rules.
Enquiries:
Standard Life
Investments
Gordon Humphries, Head of Investment Companies |
+44 (0) 131 245 2735 |
Winterflood Investment
Trusts
Graeme Caton
Neil Langford
|
+44 (0) 20 3100 0268
+44 (0) 20 3100 0160 |