Custodian REIT PLC Result of Placing (1290Y)
May 13 2016 - 2:00AM
UK Regulatory
TIDMCREI
RNS Number : 1290Y
Custodian REIT PLC
13 May 2016
THE INFORMATION IN THIS ANNOUNCEMENT IS RESTRICTED AND IS NOT
FOR PUBLICATION, RELEASE OR DISTRIBUTION DIRECTLY OR INDIRECTLY IN
OR INTO OR FROM THE UNITED STATES, AUSTRALIA, JAPAN, THE REPUBLIC
OF SOUTH AFRICA, ANY EEA STATE (OTHER THAN THE UK) OR ANY OTHER
EXCLUDED TERRITORY.
13 May 2016
CUSTODIAN REIT PLC
("Custodian REIT" or "the Company")
Result of Placing
Following the announcement of a proposed issue of equity on 19
April 2016, the Board is pleased to announce the placing has
closed, raising GBP20.98 million (before costs and expenses)
through the issue of 20,000,000 new ordinary shares of 1p each in
the capital of the Company at a price of 104.9 pence per share
("the New Shares") under the placing ("the Issue"). The placing
price represents a premium of approximately 5.0% to the unaudited
NAV as at 31 March 2016 as adjusted to deduct the dividend of
1.6625 pence per share payable to shareholders on the register at
the close of business on 6 May 2016.
As part of the Issue, three directors being David Hunter,
Matthew Thorne and Barry Gilbertson, have acquired 5,000 shares
each at the placing price of 104.9 pence per share. The Directors
of the Company confirm that they are satisfied that all inside
information, which the Directors and the Company have leading up to
the announcement of the results for the year ended 31 March 2016,
has been notified to a Regulatory Information Service.
Applications will be made for 20,000,000 New Shares to be
admitted to the premium segment of the Official List of the UK
Listing Authority and to trading on the London Stock Exchange plc's
main market for listed securities. Admission is expected to become
effective, and dealings in the New Shares to commence, at 8 a.m. on
17 May 2016.
Following this issue, the Company's issued share capital will
comprise 274,242,071 ordinary shares. This 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 to their interest in, the share capital of the Company
under the FCA's Disclosure and Transparency Rules.
Unless otherwise defined, capitalised words and phrases in this
Announcement shall have the meaning given to them in the Company's
November 2015 prospectus.
- Ends -
For further information, please contact:
Custodian Capital Limited
Richard Shepherd-Cross / Nathan Tel: +44 (0)116 240
Imlach / Ian Mattioli 8740
www.custodiancapital.com
Numis Securities Limited
Hugh Jonathan / Nathan Brown Tel: +44 (0)20 7260
1000
www.numiscorp.com
Camarco
Ed Gascoigne-Pees Tel: +44 (0)20 3757
4984
www.camarco.co.uk
Notes to Editors
Custodian REIT plc is a UK real estate investment trust, which
listed on the main market of the London Stock Exchange on 26 March
2014. Its portfolio comprises properties predominantly let to
institutional grade tenants on long leases throughout the UK and is
characterised by small lot sizes, with individual property values
of less than GBP7.5 million at acquisition.
The Company offers investors the opportunity to access a
diversified portfolio of UK commercial real estate through a
closed-ended fund. By targeting smaller lot size properties, the
Company intends to provide investors with an attractive level of
income with the potential for capital growth.
Custodian Capital Limited is the discretionary investment
manager of the Company.
For more information visit www.custodianreit.com and
www.custodiancapital.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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