Pacific Industrial & Log REIT PLC Issue of Equity (8089V)

TIDMPILR

RNS Number : 8089V

Pacific Industrial & Log REIT PLC

02 February 2017

Pacific Industrial & Logistics REIT plc

("Pacific Industrial & Logistics", the "Company" or the "Group")

Issue of Equity

The Company announces the issue of 10,000 new ordinary shares of 1 penny each in the capital of the Company ("Ordinary Shares") pursuant to the exercise of 10,000 warrants by Bruce Anderson, Non-Executive Director. Application has been made for 10,000 new Ordinary Shares, which will rank pari passu with the existing Ordinary Shares, to be admitted to trading on AIM ("Admission"). Admission is expected to occur at 8.00 a.m. on 7 February 2017.

Following Admission, the total number of voting rights in the Company will be 21,452,210 Ordinary Shares. This number 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 Company under the FCA's Disclosure Guidance and Transparency Rules.

For further information regarding Pacific Industrial & Logistics REIT plc please call:

 
Pacific Industrial & Logistics 
 REIT Plc                         +44 (0) 207 591 
 Richard Moffitt                   1600 
finnCap - Nominated Adviser 
 and Broker 
 Stuart Andrews/ Grant Bergman/ 
 Giles Rolls - 
 Corporate finance 
 
 Christian Hobart - Corporate     +44 (0)20 7220 
 broking                           0500

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
 1.   Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ----------------------------------------------------------------- 
 a)   Name                             Bruce Anderson 
---  -------------------------------  -------------------------------- 
 2.   Reason for the Notification 
---  ----------------------------------------------------------------- 
 a)   Position/status                  PDMR 
---  -------------------------------  -------------------------------- 
 b)   Initial notification/Amendment    Initial notification 
---  -------------------------------  -------------------------------- 
 3.   Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ----------------------------------------------------------------- 
 a)   Name                             Pacific Industrial & Logistics 
                                        REIT plc 
---  -------------------------------  -------------------------------- 
 b)   LEI                              n/a 
---  -------------------------------  -------------------------------- 
 4.   Details of the transaction(s): section to 
       be repeated for (i) each type of instrument; 
       (ii) each type of transaction; (iii) each 
       date; and (iv) each place where transactions 
       have been conducted 
---  ----------------------------------------------------------------- 
 a)   Description of                     Ordinary shares 
       the Financial                       of 1p 
       instrument, type 
       of instrument 
--- 
      Identification                   GB00BYV8MN78 
       code 
---  -------------------------------  -------------------------------- 
 b)   Nature of the                      Exercise of Warrants 
       transaction 
---  -------------------------------  -------------------------------- 
 c)   Price(s) and                      Price(s)   Volume(s) 
       volume(s)                        ---------  ---------- 
                                         97p        10,000 
                                        ---------  ---------- 
---  -------------------------------  -------------------------------- 
 d)   Aggregated information: 
        *    Aggregated volume           Purchase of 10,000 ordinary 
                                         shares of 1 penny at 97 pence 
                                         per ordinary share 
        *    Price 
---  -------------------------------  -------------------------------- 
 e)   Date of the transaction          01 February 2017 
---  -------------------------------  -------------------------------- 
 f)   Place of the                     London Stock Exchange, AIM 
       transaction                      Market (XLON) 
---  -------------------------------  --------------------------------

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

This information is provided by RNS

The company news service from the London Stock Exchange

END

IOEKFLFBDLFZBBB

(END) Dow Jones Newswires

February 02, 2017 02:00 ET (07:00 GMT)

Pacific Ind (LSE:PILR)
Historical Stock Chart
From Jun 2024 to Jul 2024