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Cancellation of Share Premium Account

19 Nov 2015 14:58

RNS Number : 3451G

Drum Income Plus REIT PLC

19 November 2015

To: RNSFrom: Drum Income Plus REIT plcDate: 19 November 2015

Drum Income Plus REIT plc

Cancellation of Share Premium Account and Utilisation of Special Reserve

Drum Income Plus REIT plc (the "Company") announces that on 18 November 2015 the High Court confirmed the cancellation of the share premium account in accordance with the special resolution passed on 24 April 2015.

The special resolution authorised the Directors to apply to the High Court for an order to cancel the Company's share premium account, and to enable the application of the resulting distributable capital reserve to be applied in any manner in which the Company's profits available for distribution are to be applied.

The High Court has confirmed that the Company's special reserve can be applied in any manner in which the Company's profits available for distribution are to be applied.

All enquiries

Martin Cassels, Company SecretaryTel: 0131 550 3760

This information is provided by RNS

The company news service from the London Stock Exchange

END

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