Standard Life Investments Property Income Trust - Blocklisting Application
15 January 2018 - 10:39PM
PR Newswire (US)
15 January 2018
Standard Life
Investments Property Income Trust Limited
Blocklisting
application
Standard Life Investments Property Income Trust Limited (the
“Company”) has made an application to the UK Listing Authority for
a blocklisting of 20,000,000 ordinary shares of 1p each in the
Company (the “Shares”) to be admitted to the premium segment of the
Official List and to trading on the Main Market of the London Stock
Exchange.
The Company continues to see strong demand for its Shares which
has been reflected in the Shares trading at an average premium to
net asset value of 7.7% over the last three months. The Company
therefore intends to continue its issuance programme through its
corporate broker, Winterflood Securities Limited, with a view to
managing the Company’s premium to net asset value. Any Shares
issued under the issuance programme will only be issued at a
premium to net asset value (plus costs) and will be accretive to
existing shareholders.
The net proceeds from the issue of new Shares will be used to
reduce the Company's borrowings and/or invested in accordance with
the Company's investment policy.
The blocklisting is expected to become effective at 8:00 a.m. on 16 January
2018.
For further details please contact:
Standard Life
Investments
Graeme McDonald |
0131 245 3151 |
Winterflood
Investment Trusts
Graeme Caton
Neil Langford |
020 3100 0000 |
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