Schroder Glbl Rl Est Correction and Finalisation of Rollover Pools

 
TIDMSGRE 
 
ANNOUNCEMENT 
 
17 May 2016 
 
   SCHRODER GLOBAL REAL ESTATE SECURITIES LIMITED (IN VOLUNTARY WINDING UP) 
 
                 CORRECTION AND FINALISATION OF ROLLOVER POOLS 
 
 
As announced on 11 May 2016, the resolutions put forward at the Second General 
Meeting of the Company which took place on 10 May 2016 were approved by 
Shareholders and Patrick Joseph Brazzill and Stuart Gardner of Ernst & Young 
LLP, Royal Chambers, St Julian's Avenue, St. Peter Port, Guernsey, GY1 4AF were 
appointed liquidators of the Company.  The Residual Net Asset Value per Share 
(being the net asset value per Share minus the Retention and after providing 
for the liabilities to be discharged out of the Voluntary Winding Up Pool) as 
at the close of business on 10 May 2016 and announced on 11 May 2016 has 
subsequently been found to have been overstated by the Administrator. The 
Residual Net Asset Value per Share has been re-calculated as at the close of 
business on 10 May 2016 at 140.60 pence. 
 
In accordance with the Scheme, the assets comprising the Rollover Pools were 
revalued, in the case of: 
 
  * the SUTL GPS Rollover Pool by the SUTL Custodian as at 12.00 noon on 11 May 
    2016 at 140.38p per Share. The issue price for the SUTL GPS Units is 63.24p 
    and Shareholders who have elected or deemed to have elected to receive SUTL 
    GPS Units will therefore receive 2.2197 SUTL GPS Units for every Share 
    held; 
 
  * the SISF GPS Rollover Pool by the SISF Custodian with a spot exchange rate 
    of 0.692929 as at 3.00 p.m. on 11 May 2016 at 140.80p per Share. The issue 
    price for the SISF GPS Shares is US$141.4731 (equivalent to GBP98.0308) and 
    Shareholders who have elected to receive SISF GPS Shares will therefore 
    receive 0.01436 SISF GPS Shares for every Share held; 
 
  * the Cash Pool has been valued at 140.60 pence per Share. 
 
Contract notes in respect of Rollover Shares issued under the Scheme have been 
or will be despatched as soon as practicable. Cheques are expected to be 
despatched and CREST payments made to Shareholders in respect of cash elections 
as soon as practicable. 
 
Defined terms used in this announcement have the meanings given in the circular 
published by the Company on 3 March 2016 unless the context otherwise requires. 
 
Enquiries: 
 
Neil Turner 
Schroder Real Estate Investment Management Limited 
Tel :           +44 (0) 207 658 3017 or +44 (0) 207 658 3780 
 
Franczeska Hanford 
Northern Trust International Fund Administration Services (Guernsey) Limited 
Tel:             +44 (0) 1481 745918 
 
Paul Fincham or Jonathan Becher 
Panmure Gordon 
Tel :            +44 (0) 207 886 2500 
 
END 
 
 
 
END

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May 17, 2016 11:54 ET (15:54 GMT)

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