Issue of Equity

RNS Number : 9096O

UK Commercial Property Trust Ltd

06 July 2010

 



UK COMMERCIAL PROPERTY TRUST LIMITED

RIS ANNOUNCEMENT

6 July 2010

ISSUE OF EQUITY

On 6 October 2009, UK Commercial Property Trust Limited ("UKCPT") announced that a conditional agreement had been entered into to acquire the heritable property at 122/132 Argyle Street, Glasgow (the "Glasgow Property").

The conditions to that agreement have been satisfied and UKCPT has completed the acquisition of the Glasgow Property.  In consideration for the acquisition of the Glasgow Property, UKCPT has allotted and issued, conditional only on admission to listing on the Official List of the UK Listing Authority and to trading on the main market of the London Stock Exchange, 12,250,000 ordinary shares in the capital of UKCPT to Phoenix Life Limited.  It is expected that these ordinary shares will be admitted to listing and to trading at 8.00am on 7 July 2010. 

In accordance with the FSA's Disclosure and Transparency Rule 5.6.1, UKCPT advises that following the issue its share capital will consist of 1,197,348,858 ordinary shares with voting rights.  UKCPT holds 41,445,142 ordinary shares in treasury.

The above figure (1,197,348,858) 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, UKCPT under the FSA's Disclosure and Transparency Rules.

All enquiries:

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

 

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