Director Dealings

RNS Number : 7828E

K&C REIT PLC

11 May 2017

 

K&C REIT plc

("K&C REIT" or the "Company")

Director Dealings

K&C REIT announces that it has been notified that all the 2,500,000 ordinary shares previously held in the name of Gravity Investment Group Limited ("Gravity"), a company controlled by Mr Christopher Bateman, a non-executive director of the Company, have been sold for £250,000 to Forbes Ventures ("Forbes"), which was satisfied by the issue to Gravity of shares in Forbes.  Forbes is a company whose shares are traded on the NEX Growth Market. Gravity now owns approximately 69.66 per cent of the issued share capital of Forbes.

For further information, please contact:

K&C REIT plc	[e-mail]
Dominic White, Chief executive	[phone]
Tim James, Property director	[phone]
Stockdale Securities (nominated adviser and joint broker)	[phone]
Antonio Bossi / Robert Finlay / David Coaten
Peterhouse Corporate Finance Limited (joint broker)	[phone]
Lucy Williams / Heena Karani
Yellow Jersey PR	[phone]
Charles Goodwin

Notes to editors:

The Group operates in the residential private rented sector (PRS), with an emphasis on Central London.  The residential sector has several sub-categories, including PRS, which was K&C's original focus, retirement residential, residential care and social housing.  K&C's operations in the market broadened following the acquisition of K&C (Osprey) to include the retirement residential sub-category in London and the southeast of the UK.

 

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