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Further placing of shares
Schroder European Real Estate Investment Trust PLC
(Incorporated in England and Wales)
Registration number: 09382477
JSE Share Code: SCD
LSE Ticker: SERE
ISIN number: GB00BY7R8K77
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO,
THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR THE REPUBLIC OF IRELAND.
This announcement is not an offer to sell, or a solicitation of an offer to
acquire, securities in the United States or in any other jurisdiction. Neither
this announcement nor any part of it shall form the basis of or be relied on in
connection with or act as an inducement to enter into any contract or commitment
whatsoever.
SCHRODER EUROPEAN REAL ESTATE INVESTMENT TRUST PLC
Further placing of shares
10 December 2015
Following the Company's announcement on 9 December 2015 of the issue of 107.5
million new Ordinary Shares ("New Shares") by way of an IPO, the Board is pleased
to announce a further placing of new Ordinary Shares under the Placing Programme
which commenced on 10 December 2015 ("the Issue").
A total of 450,000 new Ordinary Shares (the "New Ordinary Shares") have been
placed, subject to Admission and on the other terms and conditions set out in the
Prospectus dated 11 November 2015, by Numis Securities Limited ("Numis") at a
price of 100p per share, raising gross proceeds of £450,000.
The New Ordinary Shares will, when issued, be credited as fully paid and will
rank pari passu in all respects with the existing Ordinary Shares of the Company.
This includes the right to receive all dividends and other distributions declared
or paid in respect of such Ordinary Shares after the date of Admission of the New
Ordinary Shares.
Applications have been made to the UK Listing Authority and the London Stock
Exchange for the New Ordinary Shares of the Company to be admitted to the
premium segment of the Official List and to trading on the London Stock
Exchange’s main market for listed securities as a primary listing. In addition,
application has been made to the JSE for the New Ordinary Shares of the Company
to be admitted to trading on the JSE’s main board for listed securities, as a
secondary listing. It is expected that Admission will take place at commencement
of trading on Monday 14 December 2015 (or such later date as may be agreed
between the Company, Numis and PSG Capital).
Following Admission, the number of Ordinary Shares that the Company has in issue
will be 107,950,000. The total number of voting rights of the Company will be
107,950,000 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.
Capitalised terms in this announcement shall (unless expressly stated otherwise)
have the meaning given to them in the prospectus issued by the Company on 11
November 2015 (the "Prospectus"). A copy of the Prospectus is available from the
Company’s website at www.schroders.co.uk/sereit and is available for inspection
during usual business hours on any day (Saturdays, Sundays and public holidays
excepted) at the offices of Stephenson Harwood LLP, 1 Finsbury Circus, London
EC2M 7SH and at the offices of PSG Capital, 1st Floor Ou Kollege, 35 Kerk Street,
Stellenbosch, 7600 and 1st Floor, Building 8, Inanda Greens Business Park, 54
Weirda Road West, Wierda Valley, Sandton, 2196.
For further details contact:
Sponsor, Broker and Placing Agent in the UK
Numis Securities (UK investors) 020 7260 1000
Katherine Miller (Sales)
David Benda (Corporate)
Sponsor and Placing Agent in South Africa
PSG Capital (SA investors) +27 21 887 9602
David Tosi
Willie Honeyball
Important Information
This announcement has been prepared by, and is the sole responsibility of,
Schroder European Real Estate Investment Trust PLC.
Numis Securities Limited is acting only for the Company in connection with the
matters described in this announcement and is not acting for or advising any
other person, or treating any other person as its client, in relation thereto
and will not be responsible for providing the regulatory protection afforded
to clients of Numis Securities Limited or advice to any other person in relation
to the matters contained herein.
PSG Capital is acting only for the Company in connection with the matters
described in this announcement and is not acting for or advising any other
person, or treating any other person as its client, in relation thereto and will
not be responsible for providing the regulatory protection afforded to clients of
PSG Capital or advice to any other person in relation to the matters contained
herein.
The Company is not and will not be registered under the US Investment Company Act
of 1940, as amended. The Ordinary Shares have not been, nor will they be,
registered under the US Securities Act of 1933, as amended (the "Securities Act")
or with any securities regulatory authority of any state or other jurisdiction of
the United States or under the applicable securities laws of Australia, Canada,
Japan or the Republic of Ireland. Subject to certain exceptions, the Ordinary
Shares may not be offered or sold in the United States, Australia, Canada, Japan
or the Republic of Ireland or to or for the account or benefit of any national,
resident or citizen of Australia, Canada, Japan or the Republic of Ireland or
any person located in the United States. The Issue and the distribution of this
announcement in other jurisdictions may be restricted by law and the persons into
whose possession this announcement comes should inform themselves about, and
observe, any such restrictions.
This announcement does not constitute, envisage or represent an offer to the
public in South Africa, as envisaged in the South African Companies Act. In South
Africa, only persons who are invited to participate in the Issue and who fall
within any of the categories envisaged in section 96(1)(a) of the South African
Companies Act or who subscribe for a minimum amount of R1,000,000 (one million
Rand) per single addressee acting as principal, as contemplated in section
96(1)(b) of the South African Companies Act, are entitled to participate in the
Issue.
Date: 10/12/2015 12:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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