Result of Placing&Offer for Subscription
THIS ANNOUNCEMENT (INCLUDING THE APPENDIX) 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. PLEASE SEE THE APPENDIX TO THIS ANNOUNCEMENT.
14 April 2014
Schroder Real Estate Investment Trust Limited
Results of Initial Placing and Offer for Subscription
The Board of Schroder Real Estate Investment Trust Limited(the "Company") is pleased to announce that an aggregate of 80 million New Shares will be issued pursuant to the Initial Placing and Offer at the Issue Price of 50.25 pence each, conditional on the Issue Resolution being passed at the Company's extraordinary general meeting being held at 10.00 a.m. on 16 April 2014.
The bookbuilding process for the Initial Placing closed at 3.00 p.m. on 11 April 2014 and the Offer for Subscription closed at 11.00 a.m. on 10 April 2014. The Initial Placing and Offer were oversubscribed and so the Board has used its discretion to scale back applications.
Application has been made to the Financial Conduct Authority and to the Channel Islands Stock Exchange Authority Limited for admission of the New Shares to their respective Official Lists. Application has also been made for the New Shares to be admitted to trading on the London Stock Exchange and the Channel Islands Stock Exchange. Conditional on the Issue Resolution being passed at the Company's EGM, admission and commencement of unconditional dealings in the New Shares on the London Stock Exchange and the Channel Islands Stock Exchange is expected to occur at 8.00 a.m. on 17 April 2014.
For further information:
|
Schroder Property Investment Management Limited: |
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 / Nina Legge |
020 3727 1000 |
Appendix
Definitions used in the Prospectus issued by the Company dated 20 March 2014 shall have the same meanings when used in this announcement unless the context otherwise requires.
The distribution of this announcement in jurisdictions other than the United Kingdom may be restricted by law and, therefore, any persons who are subject to the laws of any jurisdiction other than the United Kingdom should inform themselves about, and observe, any applicable requirements. Failure to comply with any such restrictions may constitute a violation of the securities laws of any jurisdiction.
Each of Numis Securities Limited ("Numis"), which is authorised and regulated in the FCA, and J.P. Morgan Securities plc, which conducts its UK investment banking activities as J.P. Morgan Cazenove ("J.P. Morgan Cazenove") and which is authorised by the Prudential Regulation Authority and regulated by the Prudential Regulation Authority and the FCA, is acting exclusively for the Company and for no-one else in connection with the Initial Placing and Offer and will not be responsible to any other person for providing the protections afforded to clients of J.P. Morgan Cazenove or Numis or for providing advice in connection with the Initial Placing and Offer, the contents of this announcement or any matters referred to in this announcement. Neither J.P. Morgan Cazenove nor Numis is responsible for the contents of this announcement. This does not exclude or limit any responsibilities which either J.P. Morgan Cazenove or Numis may have under FSMA or the regulatory regime established thereunder.
No person has been authorised to give any information or make any representations other than those contained in this announcement and, if given or made, such information or representations must not be relied upon as having been authorised by the Company, J.P. Morgan Cazenove or Numis. None of the Company, J.P. Morgan Cazenove or Numis takes any responsibility for, or can provide assurance as to the reliability of, other information that you might be given.
This announcement has been prepared for the purposes of complying with applicable law and regulation in the United Kingdom and the information disclosed may not be the same as that which would have been disclosed if this announcement had been prepared in accordance with the laws and regulations of any jurisdiction outside of the United Kingdom.
This information is provided by RNS
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