Publication of Supplementary

RNS Number : 6588T

London & Stamford Property Ltd

30 September 2010

 



30 September 2010

LONDON & STAMFORD PROPERTY LIMITED ("LSP")

Registration No. 47816

Registered Office:

2ND FLOOR, REGENCY COURT, GLATEGNY ESPLANADE, ST. PETER PORT,

GUERNSEY, GY1 3NQ.

TELEPHONE: [phone]

FACSIMILE: + 44 1481 716117

EMAIL: [e-mail]

Publication of Supplementary Prospectus

The Company has today published a supplementary prospectus ("Supplementary Prospectus") which is supplemental to and must be read in conjunction with the prospectus published by the Company dated 21 September 2010 ("Prospectus") in relation to the Admission of the Company's Existing Ordinary Shares and New Ordinary Shares to the premium listing segment of the Official List and to trading on the London Stock Exchange's Main Market.

The Supplementary Prospectus relates to the disposal by LSP of Racecourse Retail Park, Aintree announced by LSP earlier today which constitutes a significant new factor which has arisen since the publication of the Prospectus.  As a result of the disposal, the REIT charge payable by the Company will be reduced from £11.5 million to £9.6 million.

Copies of the Supplementary Prospectus have been submitted to the National Storage Mechanism and will shortly be available for inspection at the Financial Services Authority's online document viewing facility at: www.hemscott.com/nsm.do

Copies of the Supplementary Prospectus will also be made available on the Company's website and be available during normal business hours on any weekday (Saturdays, Sundays and public holidays excepted) at the offices of KBC Peel Hunt, 111 Old Broad Street, London, EC2N 1PH and at the registered office of the Company until the date that is 12 months after Admission.

DELISTING AND ADMISSION TO THE OFFICIAL LIST

It is expected that Admission will become effective and that dealings on the London Stock Exchange in the Existing Ordinary Shares and the New Ordinary Shares will commence at 8.00 a.m. on 1 October 2010. An application is currently not intended to be made for the Existing Ordinary Shares and the New Ordinary Shares to be admitted to listing or dealt with on any other exchange.

Trading in LSP Existing Ordinary Shares is expected to be cancelled on AIM and the PLUS Market at 7.00 a.m. on 1 October 2010. The last day of dealing in the LSP Existing Ordinary Shares is expected to be 30 September 2010.

For further information contact:

London & Stamford Property Limited Rochelle Thompson, Butterfield Fulcrum Group (Guernsey) Ltd  Company Secretary	Tel: [phone]
KBC Peel Hunt Ltd (Nomad, Joint Sponsor, Joint Financial Adviser and Joint Broker)                                                                             Capel Irwin / Kate Barlow	Tel: [phone]
Credit Suisse Securities (Europe) Limited (Joint Sponsor, Joint Financial Adviser and Joint Broker)                                                                           George Maddison / Robert Mayhew / Murdo Montgomery	Tel: [phone]
Kreab Gavin Anderson                                                                                                                                 Tel: [phone] Richard Constant / James Benjamin / Anthony Hughes	Tel: [phone]

Capitalised terms used in this announcement have the same meanings ascribed to them as set out in the Prospectus dated 21 September 2010.

Notes to editors:

LSP is an authorised closed-ended investment company incorporated in October 2007 in order to exploit opportunities that it anticipated in the UK property cycle. LSP invests in commercial property, including office, retail and industrial real estate assets, principally in the UK, and has a property portfolio comprising of 14 investments, all of which are located in the UK.

LSI Management provides LSP with investment advisory and property management services and is authorised by the FSA to carry out certain regulated activities.

LSP is traded on AIM (LSP.L). Further information on LSP is available from LSP's website www.londonandstamford.com 

KBC Peel Hunt which is authorised and regulated by the Financial Services Authority in the United Kingdom, is acting for LSP and the Company and for no one else in connection with the Proposals and will not be responsible to any person other than LSP and the Company for providing the protections afforded to clients of KBC Peel Hunt, nor for providing advice in relation to the Proposals, the content of this announcement or any matter referred to in this announcement. Apart from the responsibilities and liabilities, if any, which may be imposed on KBC Peel Hunt by FSMA or the regulatory regime established thereunder, neither KBC Peel Hunt nor any of its subsidiaries, branches or affiliates owes or accepts any duty, liability or responsibility whatsoever (whether direct or indirect, whether in contract, in tort, under statute or otherwise) to any person who is not a client of KBC Peel Hunt in connection with this announcement, any statement contained herein or otherwise, nor makes any representation or warranty, express or implied, in relation to, the contents of this announcement, including its accuracy, completeness or verification or for any other statement purported to be made by KBC Peel Hunt, or on behalf of KBC Peel Hunt in connection with LSP, the LSP Existing Ordinary Shares or the Proposals. KBC Peel Hunt accordingly disclaims to the fullest extent permitted by law all and any responsibility or liability to any person who is not a client of KBC Peel Hunt, whether arising in tort, contract or otherwise (save as referred to above) which they might otherwise have in respect of this announcement or any such statement.

Credit Suisse which is authorised and regulated by the Financial Services Authority in the United Kingdom, is acting for LSP and the Company and for no one else in connection with the Proposals and will not be responsible to any person other than LSP and the Company for providing the protections afforded to clients of Credit Suisse, nor for providing advice in relation to the Proposals, the content of this announcement or any matter referred to in this announcement. Apart from the responsibilities and liabilities, if any, which may be imposed on Credit Suisse by FSMA or the regulatory regime established thereunder, neither Credit Suisse nor any of its subsidiaries, branches or affiliates owes or accepts any duty, liability or responsibility whatsoever (whether direct or indirect, whether in contract, in tort, under statute or otherwise) to any person who is not a client of Credit Suisse in connection with this announcement, any statement contained herein or otherwise, nor makes any representation or warranty, express or implied, in relation to, the contents of this announcement, including its accuracy, completeness or verification or for any other statement purported to be made by Credit Suisse, or on behalf of Credit Suisse in connection with LSP, the LSP Existing Ordinary Shares or the Proposals. Credit Suisse accordingly disclaims to the fullest extent permitted by law all and any responsibility or liability to any person who is not a client of Credit Suisse, whether arising in tort, contract or otherwise (save as referred to above) which they might otherwise have in respect of this announcement or any such statement.

 

END

 

 

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