Issue of New Ordinary Shares

RNS Number : 4197N

Standard Life Invs Property Inc Tst

28 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.

28 July 2014

STANDARD LIFE INVESTMENTS PROPERTY INCOME TRUST LIMITED

ISSUE OF NEW ORDINARY SHARES

On 1 July 2014, Standard Life Investments Property Income Trust Limited (the "Company") published a prospectus (the "Prospectus") in connection with a placing and offer for subscription of up to 50 million New Shares of one pence each in the capital of the Company (the "Ordinary Shares") at an issue price of 72.9 pence per Ordinary Share (the "Issue") and a placing programme for up to a further 50 million Ordinary Shares.

The Board of the Company is pleased to announce that the Issue was significantly over subscribed and applications have been accepted for 50 million Ordinary Shares, raising gross proceeds of approximately £36.45 million.

An application has been made to the UK Listing Authority for admission of 50 million Ordinary Shares to the premium segment of the Official List and for such shares to be admitted to trading on the London Stock Exchange's main market for listed securities. The Issue is conditional upon, inter alia, the admission of the Ordinary Shares to trading on the main market of the London Stock Exchange and to the Official List of the UK Listing Authority ("Admission"). It is expected that Admission will become effective and dealings in the Ordinary Shares will commence on the London Stock Exchange at 8.00 a.m. on 30 July 2014.

The total number of shares with voting rights in the Company immediately following Admission will be 210,709,237.

For further information please contact:

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

 

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