Watkin Jones plc Issue of Shares (1675T)
March 24 2016 - 5:15AM
UK Regulatory
TIDMWJG
RNS Number : 1675T
Watkin Jones plc
24 March 2016
Press Release 24 March 2016
Watkin Jones plc
('Watkin Jones' or the 'Company')
Issue of Shares
Watkin Jones plc (AIM:WJG), a leading UK developer and
constructor of multi occupancy property assets, with a focus on the
student accommodation sector, announces that, further to the
intention disclosed in the Company's AIM Admission Document dated
16 March 2016, it has issued 26,325 ordinary shares of 1p each
('Ordinary Shares') to the management of Fresh Student Living
Limited, a subsidiary of the Company.
Application has been made for 26,325 Ordinary Shares to be
admitted to trading on AIM and it is expected that admission will
take place on or around 1 April 2016. Following Admission, the
total number of Ordinary Shares in issue will be 255,026,325. There
are no shares held in treasury.
The above figure (255,026,325) 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 Financial Conduct
Authority's Disclosure and Transparency Rules.
For further information:
Watkin Jones plc
Mark Watkin Jones, Chief Tel: +44 (0) 20 7466
Executive Officer 5000
Philip Byrom, Chief Financial www.watkinjonesplc.com
Officer
Zeus Capital Limited
(Nominated Adviser & Joint
Broker)
Corporate Finance
Dan Bate / Nick Cowles Tel: +44 (0) 161 831
/ Jamie Peel 1512
Corporate Broking Tel: +44 (0) 20 3829
5000
Dominic King / Benjamin www.zeuscapital.co.uk
Robertson
Peel Hunt LLP
(Joint Broker)
Corporate
Mike Bell / Matthew Brooke-Hitching Tel: +44 (0) 20 7418
8900
ECM Syndicate www.peelhunt.com
Al Rae / Sohail Akbar
Media enquiries:
Buchanan
Henry Harrison-Topham / Richard Tel: +44 (0) 20 7466
Oldworth / Helen Chan 5000
watkinjones@buchanan.uk.com www.buchanan.uk.com
Notes to Editors
Watkin Jones is a leading UK developer and constructor of multi
occupancy property assets, with a focus on the student
accommodation sector. The Group has strong relationships with
institutional investors, and a good reputation for successful,
on-time-delivery of high quality developments. Since 1999, Watkin
Jones has delivered over 28,000 student beds across 88 sites,
making it a key player and leader in the UK purpose built student
accommodation market. In addition, Watkin Jones has been
responsible for over 50 residential developments, ranging from
starter homes to executive housing and apartments.
The Group's competitive advantage lies in its business model,
which enables it to offer an end to end solution for investors,
delivered entirely in-house with minimal reliance on third parties,
across the entire life cycle of an asset. Key components of the
business model are:
-- Site identification - extensive experience of site
identification and acquisition facilitates high quality sites being
acquired;
-- Planning consents - in depth knowledge and experience of the
planning consent process specific to this type of asset facilitates
high success rates on planning applications;
-- In-house construction and delivery - in-house construction
expertise, management and delivery limits reliance on third parties
and, together with favourable contractual relationships with key
suppliers, enhances control of cost;
-- Funding structure - forward sale model reduces risk for
Watkin Jones and provides security and visibility of the asset
pipeline for investors. The Group has strong relationships with
blue chip investors, including a number that are repeat investors
in Watkin Jones developments; and
-- Asset management - dedicated property management division
provides a continued service solution to investors post development
completion and completes the 'end to end' business model.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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