Publication of Prospectus

RNS Number : 8829F

UK Commercial Property Trust Ltd

20 January 2010

 

UK COMMERCIAL PROPERTY TRUST LIMITED

RIS ANNOUNCEMENT

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR PUBLICATION, RELEASE, OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN, OR INTO, THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL. THE INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE AN OFFER OF SECURITIES FOR SALE INCLUDING IN THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN.

20 January 2010

PUBLICATION OF PROSPECTUS

Approval of Prospectus

UK Commercial Property Trust Limited (the "Company") has today published a prospectus (the "Prospectus") approved by the UK Listing Authority in relation to the issue of up to 195 million new ordinary shares at an issue price of 77.1 pence per share (the "New Ordinary Shares") by way of a placing and offer for subscription (the "Placing and Offer").

Application has been made to the Financial Services Authority for the New Ordinary Shares to be issued pursuant to the Placing and Offer to be admitted to the Official List and to the London Stock Exchange for those shares to be admitted to trading on its main market for listed securities. It is expected that such admissions will become effective and that dealings in the New Ordinary Shares will commence at 8.00 a.m. on 11 February 2010.

The latest time and date for applications under the offer for subscription is 3.00 p.m. on 5 February 2010 and the latest time and date for commitments under the placing is 5.00 p.m. on 5 February 2010. 

The Board will announce prior to admission the results of the Placing and Offer.

Availability for inspection

A copy of the Prospectus has been submitted to the Financial Services Authority and will shortly be available for inspection at the FSA's Document Viewing facility which is situated at:

Financial Services Authority
25 The North Colonnade
Canary Wharf
London E14 5HS

Tel. [phone]

Copies of the Prospectus are also available from the offices of Dickson Minto W.S., Royal London House, 22/25 Finsbury Square, London EC2A 1DX; Northern Trust International Fund Administration Services (Guernsey) Limited, Trafalgar Court, Les Banques, St. Peter Port, Guernsey GY1 3QL and Ignis Investment Services Limited, 50 Bothwell Street, Glasgow G2 6HR and in electronic form on the Company's website www.ukcpt.co.uk.

All enquiries

Douglas Armstrong, Dickson Minto W.S.

Tel: [phone]

Nigel Russell/Graeme Caton/Graham Reaves, G&N Collective Funds Services Limited
Tel: [phone]

Robert Boag, Ignis Investment Services Limited
Tel: [phone]

Dickson Minto W.S., which is authorised and regulated by the Financial Services Authority, is acting 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 clients of Dickson Minto W.S., or for affording advice in relation to the contents of this announcement or any matters referred to herein. 

This announcement is an advertisement and is not a prospectus. Accordingly, investors should not subscribe for any New Ordinary Shares except on the basis of information in the Prospectus itself.

Neither this document nor anything contained herein shall form the basis of, or be relied upon in connection with, any offer or commitment whatsoever in any jurisdiction. Any offer to acquire securities pursuant to the Placing and Offer will be made, and any investor should make his investment, solely on the basis of information that is contained in the Prospectus. 

This announcement and the information contained herein is not for publication, release or distribution, directly or indirectly, in or into the United States, Canada, Australia, Japan or any jurisdiction in which the same would be unlawful. This announcement does not constitute an offer to sell or issue or the solicitation of an offer to buy or acquire shares in the capital of the Company in the United States, Canada, Australia, Japan or any jurisdiction in which such an offer or solicitation is unlawful.

Any offering will only be made in any jurisdiction in compliance with local laws. In relation to each member state of the European Economic Area that has implemented the Prospective Directive (Directive 2003/71/EC), this communication is only addressed to and is only directed at "qualified investors" in that member state within the meaning of the Prospectus Directive (and it is only so addressed or directed to the extent permitted by all other applicable laws and regulations).

This communication is directed only at (i) persons outside the United Kingdom, or (ii) persons having professional experience in matters relating to investments who fall within the definition of "investment professionals" in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (iii) high net worth companies, unincorporated associations and partnerships and trustees of high value trusts as described in Article 49(2) (a) to (d) of the Order. Persons within the United Kingdom who receive this communication (other than persons falling within (ii) and (iii) above) should not rely on or act upon this communication.

The Placing and Offer is not being made, directly or indirectly, in or into, or by the use of the mails, or by any means or instrumentality (including, without limitation, facsimile transmission, telex and telephone) of interstate or foreign commerce, or of any facility of a national securities exchange, of the United States, Canada, Australia, Japan or any other Restricted Jurisdiction (as defined in the Prospectus). Accordingly, copies of this communication are not being and must not be, directly or indirectly, mailed or otherwise forwarded, distributed or sent in, into or from the United States, Canada, Australia, Japan or to, or for the account or benefit of, any resident of the United States, Canada, Australia or Japan or any other Restricted Jurisdiction and persons receiving this communication (including custodians, nominees and trustees) must not mail or otherwise distribute or send it in, into or from such jurisdictions. The New Ordinary Shares have not been and will not be registered under the US Securities Act of 1933, as amended, or under any of the relevant securities laws of any state of the United States or of Canada, Australia or Japan. Accordingly, unless an exemption under such act or laws is applicable, the New Ordinary Shares may not be offered, sold or delivered directly or indirectly in or into the United States, Canada, Australia or Japan. This communication does not constitute, and may not be used for the purposes of, an offer or solicitation to anyone in any jurisdiction in which such offer or solicitation is not authorised or to any person to whom it is unlawful to make such offer or solicitation.

 

END

 

 

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