Standard LifeInvProp Blocklisting Application
15 January 2018 - 10:39PM
UK Regulatory
TIDMSLI
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 0131 245 3151
Graeme McDonald
Winterflood Investment Trusts 020 3100 0000
Graeme Caton
Neil Langford
END
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