K&C REIT PLC Issue of Equity (1246Y)

TIDMKCR

RNS Number : 1246Y

K&C REIT PLC

01 March 2017

K&C REIT plc

("K&C REIT" or the "Company")

Investment by Ms Qing Xiao

K&C REIT Plc is pleased to announce that Ms Qing Xiao has invested GBP50,000 in the Company by directly subscribing for 476,190 new ordinary shares of GBP0.01 ("Ordinary Shares") at a price of 10.5 pence per share.

The Board of K&C REIT is pleased to have secured this new investor in the Company and looks forward to working with Ms Xiao in the future.

Ms Xiao commented, "As an investor predominantly focused on acquiring real estate assets in the UK, US and China, I am pleased to have made this initial investment in K&C REIT Plc and look forward to monitoring the company's progress and participating in subsequent equity raising rounds".

Application will be made for admission to trading on AIM ("Admission") of the 476,190 new Ordinary Shares and it is expected that Admission will occur on or around 8 March 2017.

Total voting rights

Following Admission, the Company's enlarged issued share capital will comprise 52,751,813 Ordinary Shares, with voting rights. The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of Ordinary Shares in the Company with voting rights will be 52,751,813. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

For further information, please contact:

 
  K&C REIT plc                                                  info@kandc-reit.co.uk 
                                                                +44 20 3793 
  Dominic White, Chief executive                                 5236 
                                                                +44 7768 833 
  Tim James, Property director                                   029 
                                                                +44 20 7601 
  Stockdale Securities (nominated adviser and joint broker)      6100 
  Antonio Bossi / Robert Finlay / David Coaten 
                                                                +44 20 7469 
  Peterhouse Corporate Finance Limited (joint broker)            0933 
  Lucy Williams / Heena Karani 
                                                                +44 7747 788 
  Yellow Jersey PR                                               221 
  Charles Goodwin

Notes to editors:

The Group operates in the residential private rented sector (PRS), with an emphasis on Central London. The residential sector has several sub-categories, including PRS, which was K&C's original focus, retirement residential, residential care and social housing. K&C's operations in the market broadened following the acquisition of K&C (Osprey) to include the retirement residential sub-category in London and the southeast of the UK.

This information is provided by RNS

The company news service from the London Stock Exchange

END

IOEZMGZZNRRGNZM

(END) Dow Jones Newswires

March 01, 2017 02:00 ET (07:00 GMT)

Kcr Residential Reit (LSE:KCR)
Historical Stock Chart
From Apr 2024 to May 2024