Issue of Equity

RNS Number : 2590H

F&C Commercial Property Trust Ld

09 July 2012

 



RNS ANNOUNCEMENT

9 JULY 2012

F&C COMMERCIAL PROPERTY TRUST LIMITED

ISSUE OF EQUITY

The Board announces that F&C Commercial Property Trust Limited ("the Company") has today allotted and issued, conditional only an admission to listing on the UKLA's Official List and to trading on the London Stock Exchange, a further 10,000,000 ordinary shares of 1p each ("Ordinary Shares"), which rank pari passu with the existing shares in issue. The Ordinary Shares have been issued at a price of 101.9p per share, being a 3 per cent. premium to the net asset value announced by the Company on 5 July 2012. It is expected that the new shares will be admitted to listing and to trading at 8.00 a.m. on Thursday 12 July 2012. 

As announced by the Company on 10 May 2012, the net proceeds of the allotment will be earmarked for commitments to new properties and capital investment generating future income.

Following this issue, the total number of ordinary shares will be 718,287,003 and the total number of voting rights in the Company will be 718,287,003.

The above figures 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 to their interest in, the Company under the FSA's Disclosure and Transparency Rules.

All Enquiries

Richard Kirby, F&C REIT Asset Management plc
Tel. [phone]

Graeme Caton, Winterflood Securities Limited

Tel: [phone]

 

END

 

 

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