13 Jul 2018 09:44
For immediate release
13 July 2018
KCR Residential REIT plc("KCR" or the "Company")
Director Subscription
KCR today announces that, following its announcement at 7 a.m. today, Dominic White and Timothy James have conditionally agreed to subscribe for Ordinary Shares in the Company as part of the Subscription, details of which are included in the table below:
Director | Number of Existing Ordinary Shares | Number of Ordinary Shares Subscribed for | Total Ordinary Shares held immediately following the subscription | Percentage of the Enlarged Share Capital |
Dominic White | - | 57,143 | 57,143 | 0.40% |
Timothy James | 475,921 | 28,571 | 504,492 | 3.53% |
The subscription by Dominic White and Timothy James is conditional upon, inter alia, the passing of the Resolutions at the General Meeting and Admission.
Related Party Transactions
Participation by the Directors (as per the table above) in the Subscription is considered a related party transaction for the purposes of Rule 13 of the AIM Rules for Companies. The Directors (other than Dominic White and Timothy James) consider, having consulted with Arden Partners, the Company's nominated adviser, that the terms of the participation for Dominic White and Timothy James in the Subscription are fair and reasonable in so far as its Shareholders are concerned.
Capitalised terms used in this Announcement shall have the meanings given to such terms in the Company's announcement this morning
This announcement contains information which, prior to its disclosure, was inside information for the purpose of the Market Abuse Regulation.
Enquiries
KCR Residential REIT plcDominic White, Chief executive | info@kcrreit.co.uk+44 20 3793 5236 |
Arden Partners plc Steve Douglas Ben Cryer | +44 20 7614 5900 |
Yellow Jersey PRCharles Goodwin Abena Affum | +44 7747 788 221 +44 7555 159 808 |
Kcr Residential (KCR)