Ground Rents Income Fund PLC Exercise of Warrants (4287Q)
12 September 2017 - 6:00PM
UK Regulatory
TIDMGRIO
RNS Number : 4287Q
Ground Rents Income Fund PLC
12 September 2017
GROUND RENTS INCOME FUND PLC
EXERCISE OF WARRANTS
Ground Rents Income Fund plc has received warrant exercise
notices and subscription monies in respect of 3,310,089 ordinary
shares of 50 pence each (the "New Ordinary Shares"). The warrants
have been exercised at a subscription price of GBP1.00 each. The
New Ordinary Shares will rank pari passu with the existing ordinary
shares in the Company.
As a result of the exercise, the unaudited NAV per share has
been diluted by approximately 0.9 per cent. compared to the
unaudited NAV per share as at 31 March 2017. The fully diluted
unaudited NAV per share is unaffected. The number of warrants
outstanding following this exercise is 4,718,273, representing 4.9
per cent. of the issued share capital.
Application has been made for the New Ordinary Shares to be
admitted to the Official List of The International Stock Exchange
and to trading on the SETSqx platform of the London Stock Exchange.
It is expected that admission will become effective, and that
dealings in the New Ordinary Shares will commence, on 13 September
2017.
Following this allotment, the issued share capital and total
voting rights of the Company will consist of 96,712,100 ordinary
shares of 50 pence each. This 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 share capital of the Company.
Contacts:
Ground Rents Income Fund plc
Simon Wombwell (Director) 020 7499 6424
Brooks Macdonald Funds Limited
James Agar (Director) 020 7659 3454
N+1 Singer (Broker)
James Maxwell / Liz Yong 020 7496 3000
Tavistock (Media)
Jeremy Carey / James Whitmore 020 7920 3150
Appleby Securities (Channel
Islands) Limited (Sponsor)
Kate Storey / Danielle Machon 01481 755600
END OF ANNOUNCEMENT
This information is provided by RNS
The company news service from the London Stock Exchange
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