21 Jul 2017 12:26
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PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT
This announcement contains inside information within the meaning of the EU Market Abuse Regulation 596/2014.
21 July 2017
BELVOIR LETTINGS PLC
(the "Company", "the Group" or "Belvoir")
Completion of Director Placing
Belvoir Lettings plc (AIM: BLV), the UK's largest property franchise, announces that, further to the announcement of 21 July 2017 regarding a proposed placing of ordinary shares by Mike Goddard, Chairman of the Company, it has been notified by the Mike Goddard that he has successfully placed a total of 1,700,000 ordinary shares in the Company ("Placing Shares") at a price of at £1 per share (the "Placing") with a number of new and certain existing institutional shareholders.
Dorian Gonsalves, CEO, and Louise George, CFO, have participated in the Placing, buying 15,000 ordinary shares and 10,000 ordinary shares respectively.
Cantor Fitzgerald Europe acted as Sole Bookrunner to the Placing.
Following the Placing, the revised shareholdings of the Mike Goddard and the other relevant directors is set out below:
Shareholding prior to the Placing | Placing Shares (sold)/purchased | Resultant shareholding | ||||
Number of ordinary shares | % of Share Capital | Number of ordinary shares | % of Share Capital | Number of ordinary shares | % of Share Capital | |
Mike Goddard | 7,271,921 | 20.81 | (1,700,000) | (4.87) | 5,571,921 | 15.95 |
Dorian Gonsalves | 448,595 | 1.28 | 15,000 | 0.04 | 463,595 | 1.33 |
Louise George | 35,107 | 0.10 | 10,000 | 0.03 | 45,107 | 0.13 |
For further details:
Belvoir Lettings PLC Mike Goddard, Chairman Dorian Gonsalves, Chief Executive OfficerLouise George, Chief Financial Officer
|
01476 584900 investorrelations@belvoirlettings.com
|
Cantor Fitzgerald Europe Rick Thompson, Phil Davies, Michael Reynolds Corporate Finance Mark Westcott, Caspar Shand Kydd Sales | 0207 894 7000
|
Buchanan Charles Ryland, Victoria Hayns, Madeleine Seacombe |
0207 466 5000 |
Note to Editors:
About Belvoir Lettings PLC
Founded in 1995 and listed on AIM in 2012 (BLV.L), Belvoir operates a nationwide property franchise group with over 300 offices across four brands offering a range of specialist services in property rental, property management, residential lettings, buy to let and property sales. With its Central Office in Grantham, Lincolnshire, the Group manages 56,000 properties and reported revenue of £9.9m in 2016 making Belvoir the largest property franchise group in the UK.