Standard LifeInvProp Extension to the Initial Placing and Offer
December 10 2015 - 9:43AM
UK Regulatory
TIDMSLI
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN OR INTO OR
FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE
RELEVANT LAWS OF SUCH JURISDICTION IN PARTICULAR THE UNITED STATES, CANADA,
AUSTRALIA AND JAPAN
This announcement is for information purposes only and shall not constitute an
offer to sell or issue or the solicitation of an offer to buy, subscribe for or
otherwise acquire any ordinary shares of Standard Life Investments Property
Income Trust Limited in any jurisdiction in which any such offer or
solicitation would be unlawful.
To: RNS
From: Standard Life Investments Property Income Trust Limited (the "Company")
Date: 10 December 2015
Extension to the Initial Placing and Offer
The Board announces that the Company is extending the timetable for the Initial
Placing and Offer until 11 a.m. on 18 December 2015. On the basis that the
Investment Manager is in advanced legal negotiations in relation to the sale of
one of the properties in the Company's Property Portfolio, which is expected to
complete prior to Admission, the Board is also amending the Minimum Issue
Proceeds that are required to be raised prior to Admission to be either GBP80
million, or if the sale of the property is completed, GBP65 million. This
amendment is being made in order to avoid the Company having surplus cash
following the completion of these transactions.
It is expected that the Company will publish a supplemental prospectus early
next week in relation to these proposed changes to the terms of the Initial
Placing and Offer.
Words and expressions that are defined in the Prospectus shall have the same
meanings where they are used in this announcement.
For further information please contact:
Jason Baggaley/Gordon Humphries, Standard Life Investments
Tel: 0131 245 2833/0131 245 2735
Graeme Caton, Winterflood Investment Trusts
Tel: 020 3100 0268
Douglas Armstrong, Dickson Minto W.S.
Tel: 020 7649 6823
END
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