Issue of Equity

RNS Number : 0686D

F&C Commercial Property Trust Ld

10 May 2012

 



RNS ANNOUNCEMENT

10 MAY 2012

F&C COMMERCIAL PROPERTY TRUST LIMITED

ISSUE OF EQUITY

F&C Commercial Property Trust Limited (the "Company") announced on 4 May 2012 that it had allotted a further 5,250,000 ordinary shares of 1p each ("Ordinary Shares") at a price of 103.51p per share, being a 3 per cent. premium to the net asset value announced by the Company on 3 May 2012. These Ordinary Shares will be admitted to listing and to trading at 8.00 a.m. on 11 May 2012.

As the Company's Ordinary Shares were trading at a premium to net asset value the Board believed that it was in the best interest of the Company and shareholders' to satisfy secondary market demand by taking the opportunity to allot the new Ordinary Shares at this premium to net asset value. These Ordinary Shares were allotted pursuant to the authorities granted at the annual general meeting of the Company held on 19 May 2011. The net proceeds of the allotment will be earmarked for commitments to new properties and capital investment generating future income.

All Enquiries

Richard Kirby, F&C REIT Asset Management plc
Tel. [phone]

Graeme Caton, Winterflood Securities Limited

Tel: [phone]

 

END

 

 

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