Secure Income REIT PLC Issue of Shares (3514R)
June 26 2015 - 5:00AM
UK Regulatory
TIDMSIR
RNS Number : 3514R
Secure Income REIT PLC
26 June 2015
26 June 2015
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 "Admission Document"), the fifth tranche of six new ordinary
shares of 10 pence each (a "Share") has 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 30 June 2015. The total
subscription price payable by the Existing Investors for the shares
to be issued to them is GBP1,321,244 which represents the maximum
quarterly amount payable under the terms of the Commitment
Agreement.
The six Shares to be issued under this arrangement have been
allotted on today 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 88,083 10,654,876 5.9%
Brookstone Limited 88,083 10,654,876 5.9%
PIHL Property LLP 352,331 42,619,489 23.6%
Prestonfield P1 Limited 352,332 14,206,497 7.9%
West Coast Capital Prestven Investments
Limited 352,332 14,206,499 7.9%
Dominic Silvester 88,083 10,654,876 5.9%
PIHL Property LLP is connected with Nick Leslau, a Director of
the Company, in accordance with section 252 of the Companies Act
2006 (the "Act"). In addition Nick Leslau is connected to the Saper
Trust, in accordance with section 252 of the Act, which holds
57,471 Shares, and is also a member of Prestbury Investments LLP
which holds 11,900,432 Shares in the Company through its wholly
owned subsidiary, Prestbury Incentives Limited. PIHL Property LLP,
the Saper Trust and Prestbury Incentives Limited are members of the
Prestbury Concert Party (as defined in the Admission Document).
Following the issue of these Shares: (i) the Prestbury Concert
Party, has a beneficial holding of 55,355,203 Shares, representing
30.7% of the Company's voting rights; and (ii) the Concert Party
(as defined in the Admission Document), which includes the
Prestbury Concert Party, holds 66,010,079 Shares, representing
36.6% of the voting rights in the Company.
Following the allotment of the Shares, and in accordance with
the Disclosure and Transparency Rules, the Company's issued voting
ordinary share capital is 180,344,216 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
Stifel Nicolaus Europe 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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