23 Dec 2014 10:08
23 December 2014
Secure Income REIT Plc (the "Company")
Issue of Shares in connection with pre-existing arrangements
The Company announces that, pursuant to the Commitment Agreement as disclosed in the Company's Admission Document dated 30 May 2014, the third tranche of six new ordinary shares of 10 pence each (a "Share") have been subscribed for by certain of its investors (the "Existing Investors") in respect of the advisory fee payable by the Company to Prestbury Investments LLP ("Prestbury") for the quarter ended 31 December 2014. The total subscription price payable by the Existing Investors for the Shares to be issued to them is equal to the advisory fee payable by the Company to Prestbury in respect of that quarter.
This third tranche of six shares to be issued under this arrangement has been allotted on 31 December 2014 and issued pursuant to the Company's block listing authority.
The details of the subscriptions are as follows:
Existing Investor | Subscription price per new Share (£) | Post subscription shareholding (shares) | Post subscription shareholding (%) | |||
Bluetouch Investments (Malta) Limited | 65,088 | 10,654,874 | 6.3% | |||
Brookstone Limited | 65,088 | 10,654,874 | 6.3% | |||
PIHL Property LLP | 260,352 | 42,619,487 | 25.3% | |||
Prestonfield P2 Limited (note 1) | 260,352 | 14,206,496 | 8.4% | |||
West Coast Capital Prestven Investments Limited | 260,352 | 42,619,487 | 25.3% | |||
Dominic Silvester
| 65,088 | 10,654,874 | 6.3% | |||
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(1) As announced on 16 December 2014, on 12 December 2014 Prestonfield Investments Limited transferred its 42,619,486 shares (25.3% holding) into three subsidiary companies, Prestonfield P1 Limited, Prestonfield P2 Limited and Prestonfield P3 Limited.
Nick Leslau, a Director of the Company, is deemed to be interested in all of the shares held by PIHL Property LLP and the Saper Trust. Following the subscription for one Share by PIHL Property LLP, he is interested in 42,676,958 Shares (representing 25.34% of the Company's issued share capital) in total, an increase of one Share.
Following the allotment of the shares, and in accordance with the Disclosure and Transparency Rules, the Company's issued voting ordinary share capital will comprise 168,443,772 Shares, an increase of six Shares. There are no Shares held in treasury. The above figure 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 in their interest in, the ordinary share capital of the Company under the Disclosure and Transparency Rules.
Enquiries:
Secure Income REIT Plc | +44 20 7647 7647 |
Sandy Gumm | |
Oriel Securities Limited (Nominated Adviser) | +44 20 7710 7720 |
David Arch | |
Tom Yeadon | |
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FTI Consulting | +44 20 3727 1000 |
Richard Sunderland | |
Claire Turvey |