Walls & Futures REIT PLC Issue of Equity (3198K)
August 28 2019 - 2:00AM
UK Regulatory
TIDMWAFR
RNS Number : 3198K
Walls & Futures REIT PLC
28 August 2019
28 August 2019
WALLS & FUTURES REIT PLC
("Wall & Futures" or the "Company")
Issue of Equity
Walls & Futures, the Ethical Housing REIT, is pleased to
announce that it has received a subscription for 142,857 ordinary
shares of 5 pence each ("Ordinary Shares") at a price of 70 pence
to Ordinary Share from a new investor (the "Subscription"). The
Subscription is for a total of GBP100,000 and is at a 33.3% premium
to yesterday's closing mid-market price on the NEX Growth Exchange
("NEX"). The new Ordinary Shares issued under the Subscription
equate to 3.80 percent of the issued ordinary share capital of the
Company, as enlarged by the Subscription.
Following the Subscription, Westerby Trustee Services Ltd will
hold 142,857 Ordinary Shares, equivalent to 3.80 percent of the
Company's Ordinary Shares (the "Shareholding"). The ultimate
beneficial holder of the Shareholding is Westerby Private Pension -
R Prest.
An application has been made to admit the Shareholding to
trading on NEX with effect from 2 September 2019.
Following the Subscription, the Company will have a total of
3,755,086 Ordinary Shares in issue. 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.
For further information, contact:
Walls & Futures REIT PLC 0333 700 7171
Joe McTaggart, Chief Executive
Website www.wallsandfutures.com
Allenby Capital Limited (Corporate Adviser)
Nick Harriss/James Reeve 020 3328 5656
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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