Issue of Equity

RNS Number : 2367A

Starwood European Real Estate Finan

18 March 2013

 



18 March 2013

Starwood European Real Estate Finance Limited

Issue of Equity

Starwood European Real Estate Finance Limited (the "Company") announces that, subject only to Admission (as defined below), 8,000,000 new ordinary shares in the Company ("Shares") will be issued for cash at a price of 104.25 pence per Share to meet market demand, principally following the Company's inclusion in the FTSE UK Index Series.

Application has been made to the UK Listing Authority and the London Stock Exchange for the Shares once issued to be admitted to the Official List and to trading on the Main Market ("Admission"). It is expected that Admission will become effective on 21 March 2013.

Following this issue of Shares, the Company's issued share capital consists of 236,500,000 Shares.  Accordingly, the total number of voting rights in the Company will be 236,500,000 and this figure may be used by Shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Disclosure and Transparency Rules.

In order to seek to manage any Share price premium over the net asset value per Share, if the Directors believe there is investor demand that cannot be satisfied through the secondary market, the Company will continue to issue additional Shares within the limits imposed by the Prospectus Rules.

Contact:

Ravi Anand / Robert Peel

Dexion Capital plc

T: [phone]

Gary Gould / Stuart Klein

Jefferies International Limited

T: [phone]

Ipes (Guernsey) Limited

John Ellman-Brown   

T: [phone]       

Notes:

Starwood European Real Estate Finance is an investment company listed on the main market of the London Stock Exchange with an investment objective to provide Shareholders with regular dividends and an attractive total return while limiting downside risk, through the origination, execution, acquisition and servicing of a diversified portfolio of real estate debt investments in the UK and Continental European markets. www.starwoodeuropeanfinance.com

 

END

 

 

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