Completion of Director Placing

RNS Number : 7781L

Belvoir Lettings PLC

21 July 2017

 

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                                                                                                                                                                                21 July 2017

BELVOIR LETTINGS PLC

(the "Company", "the Group" or "Belvoir") 

Completion of Director Placing

Belvoir Lettings plc (AIM: BLV), the UK's largest property franchise, announces that, further to the announcement of 21 July 2017 regarding a proposed placing of ordinary shares by Mike Goddard, Chairman of the Company, it has been notified by the Mike Goddard that he has successfully placed a total of 1,700,000 ordinary shares in the Company ("Placing Shares") at a price of at £1 per share (the "Placing") with a number of new and certain existing institutional shareholders.

Dorian Gonsalves, CEO, and Louise George, CFO, have participated in the Placing, buying 15,000 ordinary shares and 10,000 ordinary shares respectively.

Cantor Fitzgerald Europe acted as Sole Bookrunner to the Placing.

Following the Placing, the revised shareholdings of the Mike Goddard and the other relevant directors is set out below:

	Shareholding prior to the Placing		Placing Shares (sold)/purchased		Resultant shareholding
	Number of ordinary shares	% of Share Capital	Number of ordinary shares	% of Share Capital	Number of ordinary shares	% of Share Capital
Mike Goddard	7,271,921	20.81	(1,700,000)	(4.87)	5,571,921	15.95
Dorian Gonsalves	448,595	1.28	15,000	0.04	463,595	1.33
Louise George	35,107	0.10	10,000	0.03	45,107	0.13

For further details:

Belvoir Lettings PLC Mike Goddard, Chairman Dorian Gonsalves, Chief Executive Officer Louise George, Chief Financial Officer	01476 584900 [e-mail]
Cantor Fitzgerald Europe Rick Thompson, Phil Davies, Michael Reynolds Corporate Finance Mark Westcott, Caspar Shand Kydd Sales	0207 894 7000
Buchanan Charles Ryland, Victoria Hayns, Madeleine Seacombe	0207 466 5000

Note to Editors:

About Belvoir Lettings PLC

Founded in 1995 and listed on AIM in 2012 (BLV.L), Belvoir operates a nationwide property franchise group with over 300 offices across four brands offering a range of specialist services in property rental, property management, residential lettings, buy to let and property sales. With its Central Office in Grantham, Lincolnshire, the Group manages 56,000 properties and reported revenue of £9.9m in 2016 making Belvoir the largest property franchise group in the UK.

 

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