Belvoir Lettings PLC Completion of Director Placing (7781L)
21 July 2017 - 9:26PM
UK Regulatory
TIDMBLV
RNS Number : 7781L
Belvoir Lettings PLC
21 July 2017
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PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES
(INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED
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RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL ("RESTRICTED
JURISDICTIONS").
PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS
ANNOUNCEMENT
This announcement contains inside information within the meaning
of the EU Market Abuse Regulation 596/2014.
21 July 2017
BELVOIR LETTINGS PLC
(the "Company", "the Group" or "Belvoir")
Completion of Director Placing
Belvoir Lettings plc (AIM: BLV), the UK's largest property
franchise, announces that, further to the announcement of 21 July
2017 regarding a proposed placing of ordinary shares by Mike
Goddard, Chairman of the Company, it has been notified by the Mike
Goddard that he has successfully placed a total of 1,700,000
ordinary shares in the Company ("Placing Shares") at a price of at
GBP1 per share (the "Placing") with a number of new and certain
existing institutional shareholders.
Dorian Gonsalves, CEO, and Louise George, CFO, have participated
in the Placing, buying 15,000 ordinary shares and 10,000 ordinary
shares respectively.
Cantor Fitzgerald Europe acted as Sole Bookrunner to the
Placing.
Following the Placing, the revised shareholdings of the Mike
Goddard and the other relevant directors is set out below:
Shareholding Placing Shares Resultant
prior to the (sold)/purchased shareholding
Placing
------------------ -------------------------- ------------------------ ------------------------
Number % of Share Number % of Number % of
of ordinary Capital of ordinary Share of ordinary Share
shares shares Capital shares Capital
------------------ ------------- ----------- ------------- --------- ------------- ---------
Mike Goddard 7,271,921 20.81 (1,700,000) (4.87) 5,571,921 15.95
Dorian Gonsalves 448,595 1.28 15,000 0.04 463,595 1.33
Louise George 35,107 0.10 10,000 0.03 45,107 0.13
------------------ ------------- ----------- ------------- --------- ------------- ---------
For further details:
Belvoir Lettings PLC 01476 584900
Mike Goddard, Chairman investorrelations@belvoirlettings.com
Dorian Gonsalves, Chief Executive
Officer
Louise George, Chief Financial
Officer
Cantor Fitzgerald Europe
Rick Thompson, Phil Davies,
Michael Reynolds
Corporate Finance
Mark Westcott, Caspar Shand
Kydd
Sales 0207 894 7000
Buchanan
Charles Ryland, Victoria Hayns,
Madeleine Seacombe 0207 466 5000
Note to Editors:
About Belvoir Lettings PLC
Founded in 1995 and listed on AIM in 2012 (BLV.L), Belvoir
operates a nationwide property franchise group with over 300
offices across four brands offering a range of specialist services
in property rental, property management, residential lettings, buy
to let and property sales. With its Central Office in Grantham,
Lincolnshire, the Group manages 56,000 properties and reported
revenue of GBP9.9m in 2016 making Belvoir the largest property
franchise group in the UK.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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