Issue of Equity

RNS Number : 2367A
Starwood European Real Estate Finan
18 March 2013
 



18 March 2013

 

Starwood European Real Estate Finance Limited

 

Issue of Equity

 

Starwood European Real Estate Finance Limited (the "Company") announces that, subject only to Admission (as defined below), 8,000,000 new ordinary shares in the Company ("Shares") will be issued for cash at a price of 104.25 pence per Share to meet market demand, principally following the Company's inclusion in the FTSE UK Index Series.

 

Application has been made to the UK Listing Authority and the London Stock Exchange for the Shares once issued to be admitted to the Official List and to trading on the Main Market ("Admission"). It is expected that Admission will become effective on 21 March 2013.

 

Following this issue of Shares, the Company's issued share capital consists of 236,500,000 Shares.  Accordingly, the total number of voting rights in the Company will be 236,500,000 and this figure 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 Disclosure and Transparency Rules.

 

In order to seek to manage any Share price premium over the net asset value per Share, if the Directors believe there is investor demand that cannot be satisfied through the secondary market, the Company will continue to issue additional Shares within the limits imposed by the Prospectus Rules.

 

Contact:

 

Ravi Anand / Robert Peel

Dexion Capital plc

T: +44 20 7832 0900

 

Gary Gould / Stuart Klein

Jefferies International Limited

T: +44 20 7029 8000

 

Ipes (Guernsey) Limited

John Ellman-Brown   

T: +44 1481 713843       

 

Notes:

 

Starwood European Real Estate Finance is an investment company listed on the main market of the London Stock Exchange with an investment objective to provide Shareholders with regular dividends and an attractive total return while limiting downside risk, through the origination, execution, acquisition and servicing of a diversified portfolio of real estate debt investments in the UK and Continental European markets. www.starwoodeuropeanfinance.com

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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