Secure Income REIT PLC Issue of Shares (0870K)
December 23 2015 - 9:16AM
UK Regulatory
TIDMSIR
RNS Number : 0870K
Secure Income REIT PLC
23 December 2015
23 December 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 seventh 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 ending 31 December 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.
This seventh tranche of six Shares to be issued under this
arrangement will be allotted on 31 December 2015 and issued
pursuant to the Company's block listing authority.
The details of the subscriptions are as follows:
Subscription Post subscription Post subscription
price shareholding shareholding
per new (shares) (%)
Existing Investor Share
(GBP)
-------------------------------- ------------- ------------------ ------------------
Bluetouch Investments
(Malta) Limited 88,083 10,654,878 5.9%
Brookstone Limited 88,083 10,654,878 5.9%
PIHL Property LLP 352,332 42,619,491 23.6%
Prestonfield P3 Limited 352,332 14,206,497 7.9%
West Coast Capital Investments
Limited 352,331 14,206,497 7.9%
Dominic Silvester 88,083 10,654,878 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 the seventh tranche of Shares pursuant to
the Commitment Agreement: (i) the Prestbury Concert Party, has a
beneficial holding of 55,355,205 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 66,010,083 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 will comprise 180,344,228 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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