Issue of Equity

RNS Number : 8089V

Pacific Industrial & Log REIT PLC

02 February 2017

 

Pacific Industrial & Logistics REIT plc

("Pacific Industrial & Logistics", the "Company" or the "Group")

Issue of Equity

The Company announces the issue of 10,000 new ordinary shares of 1 penny each in the capital of the Company ("Ordinary Shares") pursuant to the exercise of 10,000 warrants by Bruce Anderson, Non-Executive Director. Application has been made for 10,000 new Ordinary Shares, which will rank pari passu with the existing Ordinary Shares, to be admitted to trading on AIM ("Admission"). Admission is expected to occur at 8.00 a.m. on 7 February 2017.

Following Admission, the total number of voting rights in the Company will be 21,452,210 Ordinary Shares. This number 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 Guidance and Transparency Rules.

For further information regarding Pacific Industrial & Logistics REIT plc please call: 

Pacific Industrial & Logistics REIT Plc Richard Moffitt	[phone]
finnCap - Nominated Adviser and Broker Stuart Andrews/ Grant Bergman/ Giles Rolls - Corporate finance Christian Hobart - Corporate broking	[phone]

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Bruce Anderson
2.	Reason for the Notification
a)	Position/status	PDMR
b)	Initial notification/Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Pacific Industrial & Logistics REIT plc
b)	LEI	n/a
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the Financial instrument, type of instrument	Ordinary shares of 1p
	Identification code	GB00BYV8MN78
b)	Nature of the transaction	Exercise of Warrants
c)	Price(s) and volume(s)	Price(s) Volume(s) 97p 10,000
d)	Aggregated information: ·      Aggregated volume ·      Price	Purchase of 10,000 ordinary shares of 1 penny at 97 pence per ordinary share
e)	Date of the transaction	01 February 2017
f)	Place of the transaction	London Stock Exchange, AIM Market (XLON)

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

 

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