Smaller Related Party Transaction

RNS Number : 2094V
Starwood European Real Estate Finan
05 August 2015
 



Starwood European Real Estate Finance Limited

Smaller related party transaction

 

 

The Company announces that it entered into a smaller related party transaction with Quilter Cheviot Limited ("Quilter Cheviot") in respect of the placing of ordinary shares in capital of the Company ("Shares") that was announced on 20 July 2015 and priced on 21 July 2015 (the "Placing")

Quilter Cheviot, a related party of the Company by virtue of being a substantial shareholder, subscribed for 618,985 Shares in the Placing at the same price of 103 pence per Share as all other investors that subscribed for Shares under the Placing. The transaction constituted a smaller related transaction under LR 11.1.10R.

The consideration for the transaction, determined for the purposes of the related party rules by reference to the market value of the Shares at the close of business on 17 July 2015 (being the last business day before the announcement), was £665,409.

For further information, please contact:

Ipes (Guernsey) Limited

Gillian Newton

T: +44 1481 735869

 

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


This information is provided by RNS
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