Walls & Futures REIT PLC Issue of Equity (8023J)

TIDMWAFR

RNS Number : 8023J

Walls & Futures REIT PLC

04 April 2018

Walls & Futures REIT plc

   (Epic:   WAFR)

Issue of Shares following first close

The Board of Directors is pleased to confirm that at a meeting on 29 March 2018 they accepted Applications for Subscription received by the Company in respect of the Offer contained in the Company's Circular dated 12 February 2018 which had its first close on 26 March. At the meeting it was confirmed that the Company would issue a total of 236,812 Ordinary Shares of 5p at 94p each. The gross proceeds received by the Company from this subscription are GBP222,603.28.

The applications included subscriptions from existing shareholders and new investors and further applications and subscriptions are expected prior to the current closing date of 30(th) April.

Following the issue of the ordinary shares referred to above the issued share capital of the Company is now 3,527,037 Ordinary Shares. This figure may be used by shareholders as the denominator for the calculation by which they determine if they are required to notify their interests in, or change to, their interest in the Company under the FCA's Disclosure and Transparency Rules.

The Directors of Walls & Futures REIT plc accept responsibility for this announcement.

About Walls & Futures REIT plc

Walls & Futures REIT plc provides homes for some of the most vulnerable people in society. We strive to make a difference by delivering homes that are adapted to meet the needs of each individual, enabling them to lead more fulfilling lives.

We are currently focused on delivering Supported Housing for people with a range of disabilities including autism, learning and physical disabilities and mental health needs. Collaborating with our customers and strategic partners we design, fund, build and deliver quality homes throughout the UK.

We are building a portfolio of high yielding residential properties let on long term leases, with rents increasing in line with inflation, to quality tenants including charities and housing associations. Our financial target is to deliver a long-term annual net return of 7-9% of which 3-4% will be paid in the form of a dividend.

Walls & Futures is a Real Estate Investment Trust (REIT) quoted on the NEX Exchange Growth Market (Ticker: WAFR) and is a member of the Social Stock Exchange.

For further information

 
 Walls & Futures 
 
  Joe McTaggart - Chief Executive 
  Walls & Futures REIT plc 
  3rd Floor 
  111 Buckingham Palace Road 
  London, SW1W 0SR 
 
  T 0333 700 7171 
 
  E joe@wallsandfutures.com 
  W www.wallsandfutures.com 
 Corporate Adviser 
 
  David Papworth 
  City & Merchant Limited 
  Level 17 Dashwood House 
  69 Old Broad Street 
  London, EC2M 1RX 
 
  T 020 7101 7676 
  E info@cityandmerchant.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

NEXBZLFBVZFFBBB

(END) Dow Jones Newswires

April 04, 2018 06:30 ET (10:30 GMT)

Walls & Futures REIT (AQSE:WAFR)
Historical Stock Chart
From May 2024 to Jun 2024