Purchase of ZDP Shares

RNS Number : 6600Y

ING UK Real Estate Income Trust Ltd

29 December 2010

 



ING UK Real Estate Income Trust Limited

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA) OR TO US PERSONS (AS SUCH TERM IS DEFINED UNDER REGULATION S OF THE US SECURITIES ACT OF 1933, AS AMENDED) OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD BE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

FOR IMMEDIATE RELEASE

29 December 2010

The Board of ING UK Real Estate Income Trust Limited (the "Company") announces the completion of its purchase of 5,902,317 Zero Dividend Preference Shares ("ZDP Shares") in IRET Securities Limited at a cost of 67.77p per ZDP Share; a total investment of approximately £4 million.  The number of ZDP Shares purchased is marginally below the number of shares previously announced on 21 December 2010 as a result of final pricing adjustments.

In addition, as a result of the final pricing adjustment, the total number of ZDP Shares placed by Laxey and its associates was 26,201,532, marginally below that previously announced, representing approximately 56.3 per cent. of the ZDP Shares in issue.

For further information:

ING Real Estate Investment Management                                            Tel: [phone]

(Investment Manager)                

Michael Morris                                                                                                              

Helen Stott  

Financial Dynamics                                                                             Tel: [phone]

(Financial PR)                                                                                       

Dido Laurimore

Laurence Jones

 

END

 

 

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