K&C REIT PLC Issue of Equity (8337X)
25 February 2017 - 1:59AM
UK Regulatory
TIDMKCR
RNS Number : 8337X
K&C REIT PLC
24 February 2017
K&C REIT plc
("K&C REIT" or the "Company")
Issue of Equity
The Company has issued and allotted 240,000 new ordinary shares
at 10p per share in the capital of the Company ("Ordinary Shares")
in lieu of fees.
Accordingly, application has been made for the 240,000 new
Ordinary Shares to be admitted to trading on AIM and it is expected
that admission will take place on Wednesday 1 March 2017.
The new Ordinary Shares will rank pari passu with the existing
Ordinary Shares of the Company.
Following Admission, the Company's enlarged issued share capital
will comprise 52,275,623 Ordinary Shares with one voting right per
Ordinary Share. No Ordinary Shares are held in Treasury. The total
number of voting rights in the Company is therefore 52,275,623.
This figure of 52,275,623 Ordinary Shares may be used by
shareholders in the Company as the denominator for the calculations
by which they will determine if they are required to notify their
interest in, or a change in their interest in, the share capital of
the Company under the FCA's Disclosure and Transparency Rules.
For further information, please contact:
K&C REIT plc info@kandc-reit.co.uk
+44 20 3793
Dominic White, Chief executive 5236
+44 7768 833
Tim James, Property Director 029
+44 20 7601
Stockdale Securities (nominated adviser and joint broker) 6100
Antonio Bossi / Robert Finlay / David Coaten
+44 20 7469
Peterhouse Corporate Finance Limited (joint broker) 0933
Lucy Williams / Heena Karani
+44 7747 788
Yellow Jersey PR 221
Charles Goodwin
Notes to editors:
The Group operates in the residential private rented sector
(PRS), with an emphasis on Central London. The residential sector
has several sub-categories, including PRS, which was K&C's
original focus, retirement residential, residential care and social
housing. K&C's operations in the market broadened following the
acquisition of K&C (Osprey) to include the retirement
residential sub-category in London and the southeast of the UK.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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