TIDMRECI TIDMTTM TIDMTTM

RNS Number : 9482I

Real Estate Credit Investments Ltd

29 November 2018

29 November 2018

Real Estate Credit Investments Limited

(the "Company")

Result of Extraordinary General Meeting

The Board of Directors of the Company is pleased to announce that, at the Extraordinary General Meeting of the Company held today (the "EGM"), the resolution in connection with the proposed Placing Programme, details of which were set out in the Notice of Extraordinary General Meeting included in the circular dated 2 November 2018 (the "Circular"), was duly passed by the Ordinary Shareholders.

In accordance with LR 9.6.18, details of the resolution passed at the EGM is as follows:

 
 Resolution                              Votes for (including   Against       Withheld 
                                          Discretionary) 
 Extraordinary Resolution 
  THAT, without prejudice to 
  any authorities granted to 
  the Directors at the annual 
  general meeting on 18 September 
  2018, the Directors be and 
  are hereby authorised to allot 
  and issue equity securities 
  (within the meaning of the 
  Articles) for cash pursuant 
  to article 5 of the Articles 
  or by way of a sale of treasury 
  shares as if article 6 of the 
  Articles did not apply to any 
  such allotment and issue, provided 
  that this power shall be limited 
  to the allotment and issue 
  as described in the Prospectus 
  of up to an aggregate number 
  of 100 million New Ordinary 
  Shares under the Placing Programme 
  and that such disapplication 
  authority shall expire on 2 
  November 2019, being the day 
  after the end of the Placing 
  Programme (unless previously 
  renewed, varied or revoked 
  by the Company in general meeting), 
  save that the Company shall 
  be entitled to make offers 
  or agreements before the expiry 
  of such power which would or 
  might require equity securities 
  to be allotted and issued after 
  such expiry and the Directors 
  shall be entitled to allot 
  and issue equity securities 
  pursuant to any such offer 
  or agreement as if the power 
  conferred hereby had not expired.            72,494,552         2,758,645     2,951 
                                        ---------------------  ------------  ---------

Capitalised terms used in this announcement and not otherwise defined shall have the meanings ascribed to them in the Circular.

For further information please contact:

 
 Cheyne Capital Management (UK) LLP            +44 (0)20 7968 7482 
 Nicole Von Westenholz (Investor Relations) 
 
 
 Liberum Capital Limited (Sponsor and 
  Bookrunner)                                  +44 (0)20 3100 2222 
 Shane Le Prevost 
 Richard Crawley 
 Richard Bootle 
 Laura Hamilton

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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