Drum Income Plus REIT PLC Issue of Equity (5804H)
18 August 2016 - 11:33PM
UK Regulatory
TIDMDRIP
RNS Number : 5804H
Drum Income Plus REIT PLC
18 August 2016
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION,
IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY,
TO US PERSONS OR IN OR INTO THE UNITED STATES,
OR INTO OR FROM CANADA, AUSTRALIA, JAPAN,
NEW ZEALAND AND THE REPUBLIC OF SOUTH AFRICA.
This announcement is an advertisement and
not a prospectus. This announcement does
not constitute or form part of, and should
not be construed as, any offer for sale or
subscription of, or solicitation of any offer
to buy or subscribe for, any securities in
Drum Income Plus REIT PLC (the "Company")
or securities in any other entity, in any
jurisdiction, including the United States,
nor shall it, or any part of it, or the fact
of its distribution, form the basis of, or
be relied on in connection with, any contract
or investment decision whatsoever, in any
jurisdiction. This announcement does not
constitute a recommendation regarding any
securities. Any investment decision must
be made exclusively on the basis of the prospectus
published by the Company on 26 February 2016
and any supplement thereto. Terms defined
in the prospectus shall bear the same meaning
when used in this announcement.
DRUM INCOME PLUS REIT PLC
To: RNS
From: Drum Income Plus REIT PLC (the "Company")
Date: 18 August 2016
ISSUE OF EQUITY
Further to the announcement on 9 August 2016, the Board
announces that Drum Income Plus REIT plc (the "Company") has issued
1,560,000 ordinary shares at a price of 100 pence per share,
conditional only on admission to listing on the UKLA's Official
List and to trading on the London Stock Exchange ("Admission"), in
relation to the acquisition, by the Group, of the property situated
at Burnside Industrial Estate, Dyce, Aberdeen.
Furthermore, the Company announces the issue, conditional only
on Admission, of 400,000 ordinary shares at 100 pence per share, in
accordance with the terms of the prospectus published by the
Company on 26 February 2016, in satisfaction of investor demand
raising total gross proceeds of GBP400,000.
Accordingly a total of 1,960,000 ordinary shares have been
allotted subject to Admission and applications have been made for
the Admission of these ordinary shares. It is expected that the new
shares will be admitted to listing and to trading at 8.00 a.m. on
Friday 19 August 2016. The ordinary shares rank pari passu with the
existing shares in issue.
Following this issue, the total number of ordinary shares will
be 36,594,900 and the total number of voting rights in the Company
will be 36,594,900. The above figures 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
Drum Real Estate Investment Management (Investment Manager)
Bryan Sherriff 0131 285 0050
Drum Income Plus REIT Plc
Martin Cassels, Company Secretary 0131 550 3760
Weber Shandwick (Financial PR)
Richard Bright 0131 556 6649
Nick Oborne 020 7067 0721
Important notices
Cantor Fitzgerald Europe is authorised and regulated in the UK
by the Financial Conduct Authority, is acting exclusively for the
Company and for no-one else in connection with the contents of this
announcement and will not be responsible to anyone other than the
Company for providing the protections afforded to the respective
clients of Cantor Fitzgerald Europe., or for affording advice in
relation to the contents of this announcement or any matters
referred to herein.
No person has been authorised to give any information or to make
any representations other than those contained in this announcement
and, if given or made, such information or representations must not
be relied on as having been authorised by any member of the
Company's group, Cantor Fitzgerald Europe or any of its respective
directors, officers, employees or agents. Subject to the Listing
Rules and/or the Prospectus Rules and/or the Disclosure and
Transparency Rules and/or the Takeover Code and/or FSMA, neither
the delivery of this announcement nor any subscription or
acquisition made under it shall, in any circumstances, create any
implication that there has been no change in the affairs of the
Company group since the date of this announcement or that the
information in it is correct as of any subsequent date.
This announcement is for information only and does not
constitute or form part of any offer or invitation to issue,
acquire or dispose of any securities or investment advice in any
jurisdiction.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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August 18, 2016 09:33 ET (13:33 GMT)
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