TIDMGRIO

RNS Number : 3879A

Ground Rents Income Fund PLC

11 September 2018

GROUND RENTS INCOME FUND PLC

("GRIF" or the "Company")

EXERCISE OF WARRANTS

Ground Rents Income Fund plc has received warrant exercise notices and subscription monies in respect of 294,297 ordinary shares of 50 pence each (the "New Ordinary Shares"). The warrants have been exercised at a subscription price of GBP1.00 each. The New Ordinary Shares will rank pari passu with the existing ordinary shares in the Company.

Application has been made for the New Ordinary Shares to be admitted to the Official List of The International Stock Exchange and to trading on the SETSqx platform of the London Stock Exchange. It is expected that admission will become effective and that dealings in the New Ordinary Shares will commence on 14 September 2018.

Following this allotment, the issued share capital and total voting rights of the Company will consist of 97,006,397 ordinary shares of 50 pence each. This 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 to their interest in, the share capital of the Company.

After the issuance, 4,423,976 warrants will remain to be exercised from the initial 10 million warrants issued, which expire on 31 August 2022.

Contacts:

 
 Ground Rents Income Fund plc 
 Simon Wombwell (Director)               020 7499 6424 
 
 Brooks Macdonald Funds Limited 
 James Agar (Director)                   020 7659 3454 
 
 N+1 Singer (Broker) 
 James Maxwell / Ben Farrow              020 7496 3000 
 
 Tavistock (Media) 
 Jeremy Carey / James Whitmore           020 7920 3150 
 
 Appleby Securities (Channel Islands) 
  Limited (Sponsor) 
 Andrew Harding / Debbie Blackburn       01481 755600

END OF ANNOUNCEMENT

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END

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September 11, 2018 04:19 ET (08:19 GMT)

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