Issue of Equity

RNS Number : 7232X

Target Healthcare REIT Limited

21 November 2014

 



To:                    RNS

From:                TARGET HEALTHCARE REIT LIMITED

Date:                 21 November 2014

ISSUE OF EQUITY

The Board announces that Target Healthcare REIT Limited ("the Company") has allotted 4,832,000 Ordinary Shares of no par value, which rank pari passu with the existing shares in issue, at a price of 101.1p per share (the "Issue").

Application has been made to the UK Listing Authority for admission of 4,832,000 Ordinary Shares to the premium segment of the Official List and for such shares to be admitted to trading on the London Stock Exchange's main market for listed securities. The Issue  is conditional on inter alia, the admission of the Ordinary Shares to trading on the main market of the London Stock Exchange and to the Official List of the UK Listing Authority ("Admission"). It is expected that Admission will become effective and dealings in Ordinary Shares will commence on the London Stock Exchange at 8.00 a.m. on 26 November 2014.

The total number of shares with voting rights in the Company immediately following Admission will be 117,298,226.

The above 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 FCA's Disclosure and Transparency Rules.

All Enquiries:

Graeme Caton

Winterflood Securities

020 3100 0268

Martin Cassels

R&H Fund Services Limited

0131 524 6140

 

END

 

 

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