Issue of Equity

RNS Number : 7034B

UK Commercial Property Trust Ltd

30 October 2009

 



UK COMMERCIAL PROPERTY TRUST LIMITED

UK Commercial Property Trust Limited (the "Company") announces that it has today issued 151,544,000 million new ordinary shares, to Phoenix Life Limited ("PLL"), all as set out in the prospectus (the "Prospectus") published by the Company on 6 October 2009. The new ordinary shares issued to PLL were issued as part of the consideration for the acquisition of the New Property Portfolio (as defined and described in more detail in the Prospectus) which acquisition is now unconditional.  As announced on 29 October 2009, the proposed acquisition of the heritable property at 122/132 Argyle Street, Glasgow (forming part of the New Property Portfolio) has not completed at this stage.

It is expected that the new ordinary shares of the Company, being a total of 151,544,000 shares, will be admitted to the Official List of the UK Listing Authority and to trading on the main market operated by the London Stock Exchange, and that dealings will begin on the London Stock Exchange, on 2 November 2009.

All enquiries

Douglas Armstrong, Dickson Minto W.S.

Tel: [phone]

Nigel Russell/Graeme Caton/Graham Reaves, G&N Collective Funds Services Limited

Tel: [phone]

Robert Boag/Gerry Brady, Ignis Investment Services Limited

Tel: [phone]

 

END

 

 

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