Proposed Equity Capital Raisi

RNS Number : 4593E

UK Commercial Property Trust Ltd

21 December 2009

 

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR PUBLICATION, RELEASE, OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN, OR INTO, THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, NEW ZEALAND, SOUTH AFRICA OR ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL. THE INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE AN OFFER OF SECURITIES FOR SALE INCLUDING IN THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, NEW ZEALAND OR SOUTH AFRICA.

UK Commercial Property Trust Limited
(the "Company")

Proposed equity capital raising

21 December 2009

The Board of the Company announces that it is considering with its advisers a proposed equity capital raising (the "Issue"). The Board intends that the net proceeds of the Issue would be used to fund the acquisition of further commercial properties in accordance with its investment policy. Any new shares issued pursuant to the Issue would be issued at a premium to the published net asset value per share as at 31 December 2009.  

The Company will make a further announcement in due course in relation to the proposed detailed terms of equity capital raising after consulting with its largest shareholders.  If the Issue is to proceed then it is expected that a prospectus would be published by the Company in January and that the Issue would close by the end of January. 

All enquiries:

Nigel Russell/Graeme Caton/Graham Reaves, G&N Collective Funds Services Limited
Tel: [phone]

Gary Hutcheson/Robert Boag, Ignis Investment Services Limited
Tel: [phone]

Douglas Armstrong, Dickson Minto W.S.

Tel:  [phone]

Dickson Minto W.S., which is authorised and regulated by the Financial Services Authority, is acting for the Company and for no-one else in connection with the contents of this announcement and will not be responsible to anyone other than the Company for providing the protections afforded to clients of Dickson Minto W.S., or for affording advice in relation to the contents of this announcement or any matters referred to herein. 

 

END

 

 

MSCUAVRRKNRUUAA