Secure Income REIT PLC Issue of Shares (5751A)
23 December 2014 - 9:08PM
UK Regulatory
TIDMSIR
RNS Number : 5751A
Secure Income REIT PLC
23 December 2014
23 December 2014
Secure Income REIT Plc (the "Company")
Issue of Shares in connection with pre-existing arrangements
The Company announces that, pursuant to the Commitment Agreement
as disclosed in the Company's Admission Document dated 30 May 2014,
the third tranche of six new ordinary shares of 10 pence each (a
"Share") have been subscribed for by certain of its investors (the
"Existing Investors") in respect of the advisory fee payable by the
Company to Prestbury Investments LLP ("Prestbury") for the quarter
ended 31 December 2014. The total subscription price payable by the
Existing Investors for the Shares to be issued to them is equal to
the advisory fee payable by the Company to Prestbury in respect of
that quarter.
This third tranche of six shares to be issued under this
arrangement has been allotted on 31 December 2014 and issued
pursuant to the Company's block listing authority.
The details of the subscriptions are as follows:
Subscription Post subscription Post subscription
price per shareholding shareholding
new Share (shares) (%)
Existing Investor (GBP)
----------------------------------------- --------------- -------------------- ------------------
Bluetouch Investments (Malta)
Limited 65,088 10,654,874 6.3%
Brookstone Limited 65,088 10,654,874 6.3%
PIHL Property LLP 260,352 42,619,487 25.3%
Prestonfield P2 Limited (note
1) 260,352 14,206,496 8.4%
West Coast Capital Prestven Investments
Limited 260,352 42,619,487 25.3%
Dominic Silvester 65,088 10,654,874 6.3%
(1) As announced on 16 December 2014, on 12 December 2014
Prestonfield Investments Limited transferred its 42,619,486 shares
(25.3% holding) into three subsidiary companies, Prestonfield P1
Limited, Prestonfield P2 Limited and Prestonfield P3 Limited.
Nick Leslau, a Director of the Company, is deemed to be
interested in all of the shares held by PIHL Property LLP and the
Saper Trust. Following the subscription for one Share by PIHL
Property LLP, he is interested in 42,676,958 Shares (representing
25.34% of the Company's issued share capital) in total, an increase
of one Share.
Following the allotment of the shares, and in accordance with
the Disclosure and Transparency Rules, the Company's issued voting
ordinary share capital will comprise 168,443,772 Shares, an
increase of six Shares. There are no Shares held in treasury. The
above 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 in their interest in, the
ordinary share capital of the Company under the Disclosure and
Transparency Rules.
Enquiries:
Secure Income REIT Plc +44 20 7647 7647
Sandy Gumm
Oriel Securities Limited (Nominated Adviser) +44 20 7710 7720
David Arch
Tom Yeadon
FTI Consulting +44 20 3727 1000
Richard Sunderland
Claire Turvey
This information is provided by RNS
The company news service from the London Stock Exchange
END
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