K&C REIT PLC Change in share ownership (3427T)
11 October 2017 - 11:36PM
UK Regulatory
TIDMKCR
RNS Number : 3427T
K&C REIT PLC
11 October 2017
11 October 2017
K&C REIT plc
Change in share ownership by a significant shareholder
K&C REIT plc ("K&C" or "Company") was informed on 10
October 2017 that the pension fund of Mr Michael Wellesley-Wesley
("the Pension Fund"), an existing significant shareholder in the
Company, has made a number of previously undisclosed purchases of
ordinary shares of 1p each in the Company ("Ordinary Shares") since
late 2015. Certain of these purchases should have been disclosed to
K&C at the time of dealing, details of which are set out
below.
On 25 February 2016, the Pension Fund acquired 250,000 Ordinary
Shares, giving Mr Wellesley-Wesley an aggregate holding of
2,750,000 Ordinary Shares, representing 6.28 per cent. of the
Company.
On 28 April 2017, the Pension Fund acquired 250,000 Ordinary
Shares, giving Mr Wellesley-Wesley an aggregate holding of
3,815,000 Ordinary Shares, representing 7.23 per cent. of the
Company.
As at 10 October 2017, Mr Wellesley-Wesley's aggregate holding
is 4,140,000 Ordinary Shares representing 7.85 per cent. of the
Company.
ENDS
Contacts:
K&C REIT plc info@kandc-reit.co.uk
Dominic White, Chief executive +44 20 3793 5236
Tim James, Property director +44 7768 833 029
Arden Partners plc
William Vandyk +44 20 7614 5917
Steve Douglas
Yellow Jersey PR
Charles Goodwin +44 7747 788 221
Notes to Editors:
K&C's objective is to build a substantial residential
property portfolio that generates secure income flow for
shareholders through the acquisition of SPVs (Special Purpose
Vehicles) with inherent historical capital gains. The Directors
intend that the group will acquire, develop and manage residential
property assets in London and other key residential areas in the
UK.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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