TIDMGRIO

RNS Number : 7316L

Ground Rents Income Fund PLC

10 September 2019

GROUND RENTS INCOME FUND PLC

("GRIO" or the "Company")

EXERCISE OF WARRANTS

Ground Rents Income Fund plc has received warrant exercise notices and subscription monies in respect of 100 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 13 September 2019.

Following this allotment, the issued share capital and total voting rights of the Company will consist of 97,006,497 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, 4,423,876 warrants will remain to be exercised from the initial 10 million warrants issued, which expire on 31 August 2022.

Contacts:

 
 Schroder Real Estate Investment Management 
  Limited 
 James Agar / Chris Leek                       020 7658 6000 
 
 N+1 Singer (Broker) 
 James Maxwell / Ben Farrow                    020 7496 3000 
 
 Tavistock (Media) 
 James Whitmore / Jeremy Carey                 020 7920 3150 
 
 Appleby Securities (Channel Islands) 
  Limited (Sponsor) 
 Andrew Weaver / Zim Ceko                      01534 888 777

END OF ANNOUNCEMENT

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END

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September 10, 2019 03:00 ET (07:00 GMT)

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