JRIC.L Regulatory News (JRIC)

13 Oct 2006 08:30

Japan Residential Inv. Co. Ltd13 October 2006 Japan Residential Investment Company Limited13 October 2006 Japan Residential Investment Company Limited: First Day of Dealings on AIM and Placing Japan Residential Investment Company Limited (the 'Company') is pleased to announce its admission to trading today on the Alternative Investment Market ('AIM'). The Placing has raised £ 100 million for the Company through the issue of 100 million Ordinary Shares at 100 pence per Ordinary Share. The Company's objective is to provide Shareholders with stable income togetherwith capital growth, by investing in residential property assets in Japan. KKHalifax Asset Management, an affiliate of Colliers Halifax in Japan, has beenappointed as investment advisor with responsibility for identifying and managingthe property assets. The ISIN code for the Company's Ordinary Shares is GG00B1FB3X85. Enquiries: Fairfax I.S. John Korwin-Szymanowski 020 7460 4376Ernst & Young LLP Howard Myles 020 7951 5324Colliers Halifax Alec Menikoff +81 3 5563 2147 This announcement does not constitute or form any part of an offer or invitationto sell or issue, or any solicitation of an offer to purchase or subscribe for,any shares in Japan Residential Investment Company Limited, nor shall it or anypart of it or the fact of its distribution form the basis of, or be relied on inconnection with, any contract thereof. The contents of this announcement havenot been approved by an authorised person and recipients of this announcementwho intend to purchase or subscribe for shares in Japan Residential InvestmentCompany Limited following its publication of an admission document in final formare reminded that any such purchase or subscription may only be made on thebasis of the information contained in such document which may be different fromthe information contained in this announcement. Accordingly, no reliance may beplaced for any purpose whatsoever on the information contained in thisannouncement or on its completeness. No representation or warranty, express orimplied, is given by Japan Residential Investment Company Limited, itsdirectors, Fairfax I.S. Limited, Ernst & Young LLP or any other professionaladviser as to the accuracy or completeness of the information and opinionscontained in this announcement and no liability is accepted for the same. This information is provided by RNS The company news service from the London Stock Exchange