TIDMKCR
RNS Number : 9030Z
KCR Residential REIT PLC
05 September 2018
5 September 2018
KCR Residential REIT plc
("KCR" or "the Company")
Allotment of Restricted Preference Shares
KCR Residential REIT plc, the residential REIT group, announces
that, following the passing of the resolutions at the Company's
general meeting on 30 July 2018, the directors have approved the
allotment of 1,500,000 Restricted Preference Shares, fully paid, to
the following directors and employees (which correspond to the
total authorised but unissued amount as set out in the circular
posted to shareholders on 13 July 2018 (the "Circular"))
Restricted Preference
Shares Amount subscribed
Name No. allotted GBP
Dominic White 265,357 26,536
James Cane 10,000 1,000
Timothy James 265,357 26,536
Christopher James 214,286 21,428
Benjamin James 214,286 21,428
Timothy Oakley 265,357 26,536
Oliver Vaughan 265,357 26,536
Total 1,500,000 GBP150,000
---------------------- ------------------
Following the allotment of such Restricted Preference Shares,
the interests of Dominic White, James Cane, Timothy Oakley and
Oliver Vaughan in shares in the Company will be as follows:
No. of Restricted
No. of Ordinary % of issued voting Preference Shares
Name of Director Shares held share capital held
Dominic White
(1) 57,143 0.40% 1,765,357
James Cane 1,318 0.01% 40,000
Timothy James 504,492 3.53% 1,225,357
Oliver Vaughan
(2) 73,065 0.51% 1,075,357
Notes:
(1) Includes 1,000,000 Restricted Preference Shares held by Mr
White's pension fund, White Amba Pension Scheme
(2) Includes 66,500 ordinary shares held by Grosmont Investments
Limited, a company controlled by Oliver Vaughan. Mr Vaughan's
Restricted Preference Shares are held in his own name.
The Restricted Preference Shares, their terms and the rights
attaching to them are described in the Circular, and the full terms
of the Restricted Preference Shares are set out in the new articles
of association (the "New Articles") adopted by the Company at the
general meeting held on 30 July 2018. Copies of the Circular and of
the New Articles can be found on the Company's website
www.kcrreit.com.
Market Abuse Regulation (MAR) Disclosure
The information contained within this announcement is deemed by
the Company to constitute inside information for the purposes of
the Market Abuse Regulation (EU) No. 596/2014. Upon the publication
of this announcement via a Regulatory Information Service, this
inside information is now considered to be in the public
domain.
For further information, please contact:
KCR Residential REIT plc info@kcrreit.com
Dominic White, Chief executive +44 20 3793 5236
Arden Partners plc
Steve Douglas / Benjamin Cryer +44 20 7614 5917
Notes to editors:
KCR'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 residential areas in the UK.
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Oliver Vaughan
-------------------------------- -----------------------------------
2 Reason for the notification
---------------------------------------------------------------------
a) Position/status Director
-------------------------------- -----------------------------------
b) Initial notification /Amendment Initial notification
-------------------------------- -----------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------
a) Name KCR Residential REIT plc
-------------------------------- -----------------------------------
b) LEI 213800NTHWVFLSB9CX32
-------------------------------- -----------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions have
been conducted
---------------------------------------------------------------------
a) Description of the financial Restricted Preference Shares
instrument, type of instrument
Identification code
-------------------------------- -----------------------------------
b) Nature of the transaction Allotment of Restricted Preference
Shares
-------------------------------- -----------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP0.10 265,357
----------
-------------------------------- -----------------------------------
d) Aggregated information N/A (Single transaction)
- Aggregated volume
- Price
-------------------------------- -----------------------------------
e) Date of the transaction 5 September 2018
-------------------------------- -----------------------------------
f) Place of the transaction Outside a trading venue
-------------------------------- -----------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Timothy James
-------------------------------- -----------------------------------
2 Reason for the notification
---------------------------------------------------------------------
a) Position/status Director
-------------------------------- -----------------------------------
b) Initial notification /Amendment Initial notification
-------------------------------- -----------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------
a) Name KCR Residential REIT plc
-------------------------------- -----------------------------------
b) LEI 213800NTHWVFLSB9CX32
-------------------------------- -----------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions have
been conducted
---------------------------------------------------------------------
a) Description of the financial Restricted Preference Shares
instrument, type of instrument
Identification code
-------------------------------- -----------------------------------
b) Nature of the transaction Allotment of Restricted Preference
Shares
-------------------------------- -----------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP0.10 265,357
----------
-------------------------------- -----------------------------------
d) Aggregated information N/A (Single transaction)
- Aggregated volume
- Price
-------------------------------- -----------------------------------
e) Date of the transaction 5 September 2018
-------------------------------- -----------------------------------
f) Place of the transaction Outside a trading venue
-------------------------------- -----------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name James Cane
-------------------------------- -----------------------------------
2 Reason for the notification
---------------------------------------------------------------------
a) Position/status Director
-------------------------------- -----------------------------------
b) Initial notification /Amendment Initial notification
-------------------------------- -----------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------
a) Name KCR Residential REIT plc
-------------------------------- -----------------------------------
b) LEI 213800NTHWVFLSB9CX32
-------------------------------- -----------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions have
been conducted
---------------------------------------------------------------------
a) Description of the financial Restricted Preference Shares
instrument, type of instrument
Identification code
-------------------------------- -----------------------------------
b) Nature of the transaction Allotment of Restricted Preference
Shares
-------------------------------- -----------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP0.10 10,000
----------
-------------------------------- -----------------------------------
d) Aggregated information N/A (Single transaction)
- Aggregated volume
- Price
-------------------------------- -----------------------------------
e) Date of the transaction 5 September 2018
-------------------------------- -----------------------------------
f) Place of the transaction Outside a trading venue
-------------------------------- -----------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Christopher James
-------------------------------- -----------------------------------
2 Reason for the notification
---------------------------------------------------------------------
a) Position/status PDMR
-------------------------------- -----------------------------------
b) Initial notification /Amendment Initial notification
-------------------------------- -----------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------
a) Name KCR Residential REIT plc
-------------------------------- -----------------------------------
b) LEI 213800NTHWVFLSB9CX32
-------------------------------- -----------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions have
been conducted
---------------------------------------------------------------------
a) Description of the financial Restricted Preference Shares
instrument, type of instrument
Identification code
-------------------------------- -----------------------------------
b) Nature of the transaction Allotment of Restricted Preference
Shares
-------------------------------- -----------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP0.10 214,286
----------
-------------------------------- -----------------------------------
d) Aggregated information N/A (Single transaction)
- Aggregated volume
- Price
-------------------------------- -----------------------------------
e) Date of the transaction 5 September 2018
-------------------------------- -----------------------------------
f) Place of the transaction Outside a trading venue
-------------------------------- -----------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Timothy Oakley
-------------------------------- -----------------------------------
2 Reason for the notification
---------------------------------------------------------------------
a) Position/status PDMR
-------------------------------- -----------------------------------
b) Initial notification /Amendment Initial notification
-------------------------------- -----------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------
a) Name KCR Residential REIT plc
-------------------------------- -----------------------------------
b) LEI 213800NTHWVFLSB9CX32
-------------------------------- -----------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions have
been conducted
---------------------------------------------------------------------
a) Description of the financial Restricted Preference Shares
instrument, type of instrument
Identification code
-------------------------------- -----------------------------------
b) Nature of the transaction Allotment of Restricted Preference
Shares
-------------------------------- -----------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP0.10 265,357
----------
-------------------------------- -----------------------------------
d) Aggregated information N/A (Single transaction)
- Aggregated volume
- Price
-------------------------------- -----------------------------------
e) Date of the transaction 5 September 2018
-------------------------------- -----------------------------------
f) Place of the transaction Outside a trading venue
-------------------------------- -----------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Dominic White
-------------------------------- -----------------------------------
2 Reason for the notification
---------------------------------------------------------------------
a) Position/status Director
-------------------------------- -----------------------------------
b) Initial notification /Amendment Initial notification
-------------------------------- -----------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------
a) Name KCR Residential plc
-------------------------------- -----------------------------------
b) LEI 213800NTHWVFLSB9CX32
-------------------------------- -----------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions have
been conducted
---------------------------------------------------------------------
a) Description of the financial Restricted Preference Shares
instrument, type of instrument
Identification code
-------------------------------- -----------------------------------
b) Nature of the transaction Allotment of Restricted Preference
Shares
-------------------------------- -----------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP0.10 265,357
----------
-------------------------------- -----------------------------------
d) Aggregated information N/A (Single transaction)
- Aggregated volume
- Price
-------------------------------- -----------------------------------
e) Date of the transaction 5 September 2018
-------------------------------- -----------------------------------
f) Place of the transaction Outside a trading venue
-------------------------------- -----------------------------------
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London Stock Exchange. RNS is approved by the Financial Conduct
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END
MSCUVAVRWSAKRAR
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September 05, 2018 11:18 ET (15:18 GMT)
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