Issue of Equity and Repurchase into Treasury
THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR
INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR SOUTH
AFRICA OR ANY OTHER JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL OR TO U.S.
PERSONS.
Schroder Real Estate Investment Trust Limited
5 March 2015
Issue of equity and repurchase into treasury
The board of Schroder Real Estate Investment Trust Limited (the "Company")
announces that on 4 March 2015 it issued 47,151,340 ordinary shares (the
"Shares") under the Placing Programme (as described in the Company's
Prospectus, dated 20 March 2014) at a price of 56.1 pence per share equivalent
to the net asset value ("NAV") per share as at 31 December 2014 as published
on 28 January 2015.
These same shares will be immediately repurchased by the Company, at the same
price (being the latest published NAV per share), to be held in treasury. The
Shares held in treasury will be available to be sold to meet ongoing market
demand. These shares will be issued at a premium to the prevailing NAV per
share. The net cash position of the Company, following these transactions,
remains unchanged.
Application has been made to the FCA for admission of the Shares to the
Official List. Application has also been made for the Shares to be admitted to
trading on the London Stock Exchange. It is expected that Admission will become
effective and that unconditional dealings in the Shares will commence on the
main market for listed securities of the London Stock Exchange at 8.00 a.m.
(London time) on 10 March 2015.
Following Admission, the number of ordinary shares that the Company has in
issue will be 565,664,749 of which 47,151,340 ordinary shares are held in
treasury. The total number of voting rights of the Company will be 518,513,409
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.
For further information:
Schroder Property Investment Management Limited:
Duncan Owen / Nick Montgomery
020 7658 6000
Northern Trust:
David Sauvarin
01481 745529
J.P. Morgan Cazenove:
William Simmonds
020 7742 4000
Numis Securities:
David Benda
020 7260 1000
FTI Consulting:
Dido Laurimore / Ellie Sweeney
020 3727 1000
Capitalised terms used but not defined in this announcement will have the
samemeaning as set out in the prospectus to Shareholders dated 20 March
2014 (as amended). Copies of that prospectus, together with any
supplementary prospectuses relating thereto, are available from the
Company's website: www.srei.co.uk .
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