19 August 2016

DRIP REIT - Results Announcement: Issue of Equity

DRUM INCOME PLUS REIT PLC

ISSUE OF EQUITY

Further to the announcement on 9 August 2016, the Board announces that Drum Income Plus REIT plc (the "Company") has issued 1,560,000 ordinary shares at a price of 100 pence per share, conditional only on admission to listing on the UKLA's Official List and to trading on the London Stock Exchange ("Admission"), in relation to the acquisition, by the Group, of the property situated at Burnside Industrial Estate, Dyce, Aberdeen.

Furthermore, the Company announces the issue, conditional only on Admission,  of 400,000 ordinary shares at 100 pence per share,  in accordance with the terms of the prospectus published by the Company on 26 February 2016, in satisfaction of investor demand raising total gross proceeds of £400,000.

Accordingly a total of 1,960,000 ordinary shares have been allotted subject to Admission and applications have been made for the Admission of these ordinary shares. It is expected that the new shares will be admitted to listing and to trading at 8.00 a.m. on Friday 19 August 2016.  The ordinary shares rank pari passu with the existing shares in issue.

Following this issue, the total number of ordinary shares will be 36,594,900 and the total number of voting rights in the Company will be 36,594,900.  The above figures 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 and Transparency Rules.

 

 

Enquiries

Drum Real Estate Investment Management (Investment Manager)                                            

Bryan Sherriff                                                                                                       0131 285 0050

 

Drum Income Plus REIT Plc                                                                                                    

Martin Cassels, Company Secretary                                                                       0131 550 3760

 

Weber Shandwick (Financial PR)

Richard Bright                                                                                                      0131 556 6649

Nick Oborne                                                                                                        020 7067 0721

 

Important notices

Cantor Fitzgerald Europe is authorised and regulated in the UK by the Financial Conduct Authority, is acting exclusively  for the Company and for no-one else in connection with the contents of this announcement and will not be responsible to anyone other than the Company for providing the protections afforded to the respective clients of Cantor Fitzgerald Europe., or for affording advice in relation to the contents of this announcement or any matters referred to herein. 

No person has been authorised to give any information or to make any representations other than those contained in this announcement and, if given or made, such information or representations must not be relied on as having been authorised by any member of the Company's group, Cantor Fitzgerald Europe or any of its respective directors, officers, employees or agents.  Subject to the Listing Rules and/or the Prospectus Rules and/or the Disclosure and Transparency Rules and/or the Takeover Code and/or FSMA, neither the delivery of this announcement nor any subscription or acquisition made under it shall, in any circumstances, create any implication that there has been no change in the affairs of the Company group since the date of this announcement or that the information in it is correct as of any subsequent date.

This announcement is for information only and does not constitute or form part of any offer or invitation to issue, acquire or dispose of any securities or investment advice in any jurisdiction.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, TO US PERSONS OR IN OR INTO THE UNITED STATES, OR INTO OR FROM CANADA, AUSTRALIA, JAPAN, NEW ZEALAND AND THE REPUBLIC OF SOUTH AFRICA.

This announcement is an advertisement and not a prospectus. This announcement does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or solicitation of any offer to buy or subscribe for, any securities in Drum Income Plus REIT PLC (the "Company") or securities in any other entity, in any jurisdiction, including the United States, nor shall it, or any part of it, or the fact of its distribution, form the basis of, or be relied on in connection with, any contract or investment decision whatsoever, in any jurisdiction. This announcement does not constitute a recommendation regarding any securities. Any investment decision must be made exclusively on the basis of the prospectus published by the Company on 26 February 2016 and any supplement thereto.  Terms defined in the prospectus shall bear the same meaning when used in this announcement.

More news