11 May 2017 07:00
K&C REIT plc
("K&C REIT" or the "Company")
Director Dealings
K&C REIT announces that it has been notified that all the 2,500,000 ordinary shares previously held in the name of Gravity Investment Group Limited ("Gravity"), a company controlled by Mr Christopher Bateman, a non-executive director of the Company, have been sold for £250,000 to Forbes Ventures ("Forbes"), which was satisfied by the issue to Gravity of shares in Forbes. Forbes is a company whose shares are traded on the NEX Growth Market. Gravity now owns approximately 69.66 per cent of the issued share capital of Forbes.
For further information, please contact:
K&C REIT plc | info@kandc-reit.co.uk |
Dominic White, Chief executive | +44 20 3793 5236 |
Tim James, Property director | +44 7768 833 029 |
Stockdale Securities (nominated adviser and joint broker) | +44 20 7601 6100 |
Antonio Bossi / Robert Finlay / David Coaten | |
Peterhouse Corporate Finance Limited (joint broker) | +44 20 7469 0933 |
Lucy Williams / Heena Karani | |
Yellow Jersey PR | +44 7747 788 221 |
Charles Goodwin |
Notes to editors:
The Group operates in the residential private rented sector (PRS), with an emphasis on Central London. The residential sector has several sub-categories, including PRS, which was K&C's original focus, retirement residential, residential care and social housing. K&C's operations in the market broadened following the acquisition of K&C (Osprey) to include the retirement residential sub-category in London and the southeast of the UK.
Kcr Residential (KCR)