Issue of Equity

RNS Number : 1136W

F&C Commercial Property Trust Ld

25 January 2012

 



TO:                     RNS

FROM:               F&C COMMERCIAL PROPERTY TRUST LIMITED

DATE:                25 January 2012

Issue of Equity

The Company announced on 18 November 2011 that it would be prepared to issue new shares at a premium to net asset value, on a non pre-emptive basis under existing annual authorities, if it was in shareholders' and the Company's interests to do so.  The Company is intending to issue new shares to satisfy secondary market demand obtained before close of business on 25 January 2012. The price that has been established for this new issue will be at a 3 per cent premium to the net asset value of 100.4p per share, as announced on 16 January 2012, resulting in a price of 103.41p.  The maximum amount of stock that can be allotted under the annual authority is 68,053,700 shares. The new shares will rank for dividends marked ex-dividend after the new shares are on the record.

All enquiries:

The company Secretary

Northern Trust International Fund Administration Services (Guernsey) Limited

Trafalgar Court

Les Banques

St Peter Port

Guernsey

GY1  3QL

Renee McIver

Tel:  [phone]

Fax: [phone]

 

END

 

 

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