Civitas Social Housing PLC Result of C Share Issue (1666W)
November 10 2017 - 3:30AM
UK Regulatory
TIDMCSH
RNS Number : 1666W
Civitas Social Housing PLC
10 November 2017
THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR
DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO, THE UNITED
STATES, AUSTRALIA, SOUTH AFRICA, CANADA, JAPAN, ANY MEMBER STATE OF
THE EUROPEAN UNION (OTHER THAN THE UK AND THOSE MEMBER STATES IN
RELATION TO WHICH THE COMPANY'S AIFM HAS OBTAINED A PASSPORT TO
MARKET THE SHARES UNDER THE AIFMD PASSPORT PROCEDURE) OR ANY OTHER
JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OF THE
RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.
This announcement is an advertisement and not a prospectus.
Investors should not purchase or subscribe for any transferable
securities referred to in this announcement except on the basis of
information contained in the prospectus published by Civitas Social
Housing PLC on 18 October 2017 (the "Prospectus"). A copy of the
Prospectus is available from www.civitassocialhousing.com. This
announcement is not an offer to sell, or a solicitation of an offer
to acquire, securities in the United States or in any other
jurisdiction. Neither this announcement nor any part of it shall
form the basis of or be relied on in connection with or act as an
inducement to enter into any contract or commitment whatsoever.
Without prejudice to the generality of the foregoing, this
announcement does not constitute a recommendation regarding any
securities.
The contents of this announcement, which have been prepared by
and are the sole responsibility of Civitas Social Housing PLC have
been approved by G10 Capital Limited, part of the Lawson Conner
Group, (the "AIFM"), as a financial promotion solely for the
purposes of section 21(2)(b) of the Financial Services and Markets
Act 2000 ("FSMA").
10 November 2017
CIVITAS SOCIAL HOUSING PLC
("Civitas" or the "Company")
LEI: 213800PGBG84J8GM6F95
Result of C Share Issue
The Board of Civitas are delighted to announce that the Company
has raised a total of GBP302 million by way of a fully pre-emptive
Open Offer, Placing, Offer for Subscription and Intermediaries
Offer of C Shares.
Application has been made for all of the C Shares to be admitted
to the Standard Listing segment of the Official List of the UK
Listing Authority and to trading on the London Stock Exchange's
main market for listed securities ("Admission"). It is expected
that Admission will take effect, and dealings in the C Shares will
commence, at 8.00 a.m. (London time) on 14 November 2017.
Immediately following Admission, the Company will have
350,000,000 Ordinary shares and 302,000,000 C Shares in issue. As
the C Shares have no voting rights, the total voting rights in the
Company will be 350,000,000. This figure may be used by
shareholders as the denominator for the calculations by which they
may determine whether or not they are required to notify their
interest in, or a change to their interest in, the share capital of
the Company under the FCA's Disclosure Guidance and Transparency
Rules.
Michael Wrobel, Chairman of Civitas Social Housing PLC,
said:
"Following the successful closing of our fund raising in excess
of GBP300 million we would like to thank both our existing
shareholders for their continued support and also welcome our many
new shareholders, including new pension fund, specialist ethical,
real estate and retail investors to the Company. The proceeds will
be applied in acquiring additional regulated social homes,
providing many more vulnerable people with long-term, stable
accommodation within a community setting. We have an extensive
pipeline of opportunities that meet the Company's investment
criteria and expect to make further announcements in this regard
shortly"
Terms used and not defined in this announcement shall have the
meaning given to them in the Prospectus.
For further information, please contact:
Civitas Housing Advisors Limited
Paul Bridge Tel: +44 (0)20 3709 4622
Andrew Dawber Tel: +44 (0)20 3709 4626
Cenkos Securities PLC
Sapna Shah Tel: +44 (0)20 7397 1922
Tom Scrivens Tel: +44 (0)20 7397 1915
Pagefield Communications Limited
Philip Dennis Tel: +44 (0)7947 868206
David Leslie Tel: +44 (0)7584 070274
Solid Solutions Associates (UK) Limited
Nigel Morris Tel: +44 (0)20 7549 1613
Notes
Civitas Social Housing PLC was the first Real Estate Investment
Trust offering pure play exposure to social housing in England and
Wales. The Company is managed by Civitas Housing Advisors Limited.
The Company's Ordinary Shares are listed on the premium listing
segment of the Official List of the Financial Conduct Authority and
were admitted to trading on the main market for listed securities
of the London Stock Exchange in November 2016.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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