Director Subscription

RNS Number : 5836U

KCR Residential REIT PLC

13 July 2018

 

For immediate release

13 July 2018

KCR Residential REIT plc
("KCR" or the "Company")

Director Subscription

KCR today announces that, following its announcement at 7 a.m. today, Dominic White and Timothy James have conditionally agreed to subscribe for Ordinary Shares in the Company as part of the Subscription, details of which are included in the table below:

Director	Number of Existing Ordinary Shares	Number of Ordinary Shares Subscribed for	Total Ordinary Shares held immediately following the subscription	Percentage of the  Enlarged Share Capital
Dominic White	-	57,143	57,143	0.40%
Timothy James	475,921	28,571	504,492	3.53%

The subscription by Dominic White and Timothy James is conditional upon, inter alia, the passing of the Resolutions at the General Meeting and Admission.

Related Party Transactions

Participation by the Directors (as per the table above) in the Subscription is considered a related party transaction for the purposes of Rule 13 of the AIM Rules for Companies. The Directors (other than Dominic White and Timothy James) consider, having consulted with Arden Partners, the Company's nominated adviser, that the terms of the participation for Dominic White and Timothy James in the Subscription are fair and reasonable in so far as its Shareholders are concerned.

Capitalised terms used in this Announcement shall have the meanings given to such terms in the Company's announcement this morning

This announcement contains information which, prior to its disclosure, was inside information for the purpose of the Market Abuse Regulation.

Enquiries

KCR Residential REIT plc Dominic White, Chief executive	[e-mail] [phone]
Arden Partners plc Steve Douglas Ben Cryer	[phone]
Yellow Jersey PR Charles Goodwin Abena Affum	[phone] [phone]

 

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