Issue Price and Conversion Rate (1558K)
July 11 2011 - 8:10AM
UK Regulatory
TIDMSLI
RNS Number : 1558K
Standard Life Invs Property Inc Tst
11 July 2011
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED IN IT IS NOT FOR
RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN
WHOLE OR IN PART, IN OR INTO THE UNITED STATES, CANADA, JAPAN, THE
REPUBLIC OF SOUTH AFRICA, AUSTRALIA, NEW ZEALAND OR ANY OTHER
JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL.
THIS ANNOUNCEMENT IS AN ADVERTISEMENT AND NOT A PROSPECTUS. THIS
ANNOUNCEMENT DOES NOT CONSTITUTE OR FORM PART OF, AND SHOULD NOT BE
CONSTRUED AS, ANY OFFER FOR SALE OR SUBSCRIPTION OF, OR
SOLICITATION OF ANY OFFER TO BUY OR SUBSCRIBE FOR, ANY SHARES IN
STANDARD LIFE INVESTMENT PROPERTY INCOME TRUST LIMITED OR
SECURITIES IN ANY OTHER ENTITY, IN ANY JURISDICTION, INCLUDING THE
UNITED STATES, NOR SHALL IT, OR ANY PART OF IT, OR THE FACT OF ITS
DISTRIBUTION, FORM THE BASIS OF, OR BE RELIED ON IN CONNECTION
WITH, ANY CONTRACT OR INVESTMENT DECISION WHATSOEVER, IN ANY
JURISDICTION. THIS ANNOUNCEMENT DOES NOT CONSTITUTE A
RECOMMENDATION REGARDING ANY SECURITIES.
11 July 2011
STANDARD LIFE INVESTMENTS PROPERTY INCOME TRUST LIMITED
ISSUE PRICE AND CONVERSION RATE
Standard Life Investments Property Income Trust Limited (the
"Company") refers to the circular and prospectus sent to
shareholders dated 6 June 2011 in relation to the proposed
conversion of preference shares and placing and open offer of new
ordinary shares in the capital of the Company (the "Proposals").
The Company is pleased to announce that the NAV as at 30 June 2011
was announced earlier today and as such the issue price and
conversion rate in respect of the Proposals can now be
calculated.
The Company is pleased to announce that the issue price in
relation to the placing and open offer shall be 64.69 pence per
share which represents a 4 per cent. premium to the adjusted NAV.
The conversion rate in relation to the conversion shall be 63.44
pence per share which represents a 2 per cent. premium to the
adjusted NAV.
For further information please contact:
James Moseley /Graeme Caton, Winterflood Securities Limited
Tel: 020 3100 0268
Jason Baggaley, Standard Life Investments (Corporate Funds)
Limited
Tel: 0131 245 2833
Gordon Humphries, Standard Life Investments (Corporate Funds)
Limited
Tel: 0131 245 2735
This information is provided by RNS
The company news service from the London Stock Exchange
END
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