23 March 2016

DRIP REIT - Results of Initial Placing

DRUM INCOME PLUS REIT PLC

Results of Initial Placing

 

The Board of Drum Income Plus REIT plc (the "Company") is pleased to announce that the Company has raised gross proceeds of approximately £2.7 million pursuant to its Initial Placing of Ordinary Shares at a price of 100p per Share.  The Company has also raised a further £75,000 by issuing under the same terms as the Initial Placing, in aggregate, 75,000 Ordinary Shares at a price of 100p per Share to the Directors, John Evans and Alan Robertson.  Accordingly, a total of 2,770,900 Shares will be issued, 2,263,400 of which will be issued to Tcam and its associates, and an application has been made for these Shares to be admitted to trading on the Main Market of the London Stock Exchange and to listing on the premium segment of the Official List of the UK Listing Authority ("Admission"), with effect from 8.00 a.m. on 24 March 2015.  The Board has today allotted 2,770,900 Ordinary Shares subject to Admission.

Cantor Fitzgerald Europe acted as placing agent in relation to this initial placing and will continue to do so in respect of the Company's 12 month Placing Programme which opens on 24 March 2015.

Following this issue of Ordinary Shares the Company will have 34,634,900 Ordinary Shares in issue.  Therefore the total number of shares with voting rights in the Company is 34,634,900 Ordinary Shares.  This figure may be used by investors 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.

For further information please contact:

DRUM Real Estate Investment Management Limited

Bryan Sheriff                                       0131 285 0050

 

Cantor Fitzgerald Europe

Sue Inglis                                            020 7894 8016

Andrew Davey                                   020 7894 8646

Ben Heatley                                        020 7894 8229

 

 

 

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.

*Neither the NSM website nor the Company’s website nor the content of any website accessible from hyperlinks on those websites (or any other website) is (or is deemed to be) incorporated into, or forms (or is deemed to form) part of, this announcement.

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.

More news