Issue of Equity

RNS Number : 8337X

K&C REIT PLC

24 February 2017

 

K&C REIT plc

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

Issue of Equity

The Company has issued and allotted 240,000 new ordinary shares at 10p per share in the capital of the Company ("Ordinary Shares") in lieu of fees.

Accordingly, application has been made for the 240,000 new Ordinary Shares to be admitted to trading on AIM and it is expected that admission will take place on Wednesday 1 March 2017.

The new Ordinary Shares will rank pari passu with the existing Ordinary Shares of the Company.

Following Admission, the Company's enlarged issued share capital will comprise 52,275,623 Ordinary Shares with one voting right per Ordinary Share.  No Ordinary Shares are held in Treasury.  The total number of voting rights in the Company is therefore 52,275,623.

This figure of 52,275,623 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

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.

 

END

 

 

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