Initial Placing and Offer Price

RNS Number : 4991M

Standard Life Invs Property Inc Tst

16 July 2014

 



NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, TO US PERSONS OR IN OR INTO THE UNITED STATES, OR INTO OR FROM CANADA, AUSTRALIA, JAPAN, NEW ZEALAND AND THE REPUBLIC OF SOUTH AFRICA.

This announcement is an advertisement and not a prospectus. This announcement does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or solicitation of any offer to buy or subscribe for, any securities in Standard Life Investments Property Income Trust Limited (the "Company") or securities in any other entity, in any jurisdiction, including the United States, nor shall it, or any part of it, or the fact of its distribution, form the basis of, or be relied on in connection with, any contract or investment decision whatsoever, in any jurisdiction. This announcement does not constitute a recommendation regarding any securities. Any investment decision must be made exclusively on the basis of the final prospectus published by the Company and any supplement thereto.

16 July 2014

STANDARD LIFE INVESTMENTS PROPERTY INCOME TRUST LIMITED

INITIAL PLACING AND OFFER PRICE

Standard Life Investments Property Income Trust Limited (the "Company") refers to the prospectus sent to shareholders dated 1 July 2014 in relation to the issue of up to 100 million new shares including an initial placing and offer for subscription and a placing programme.  The Company is pleased to announce that the NAV as at 30 June 2014 was announced earlier today and as such the initial placing and offer price can now be calculated.

The Company is pleased to announce that the initial placing and offer price shall be 72.9 pence per share which represents a 5 per cent. premium to the adjusted NAV.

For further information please contact:

Standard Life Investments Gordon Humphries, Investment Director	0131 245 2735
Winterflood Securities Limited Graeme Caton Darren Willis	0203 100 0268 0203 100 0258

 

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