REG-Secured Property Developments Plc: Notification of Registration for Electronic Settlement <Origin Href="QuoteRef">SPD.ISD</Origin> <Origin Href="QuoteRef">SPD.L</Origin>

FrasersAnnouncement

22/06/2015 17:00

SECURED PROPERTY DEVELOPMENTS PLC

Unit 6 ,Orchard Mews ,42 Orchard Road

Highgate,London N6 5TR

NOTIFICATION OF REGISTRATION FOR ELECTRONIC

SETTLEMENT JUNE 2015 

To: All members of the Company 

Notification of directors' resolution relating to the CREST system SECURED
PROPERTY DEVELOPMENTS PLC ordinary shares of £0.20 each - ICAP ISDX Growth
Market 

This is to give you notice, in accordance with the Uncertificated Securities
Regulations 2001 (the Regulations), that on 22 June 2015, the Company resolved
by a resolution of its directors that title to the ordinary shares of £0.20
each in the capital of the Company, in issue or to be issued, may be
transferred by means of a relevant system. The resolution of the directors will
become effective immediately. 

Explanatory note

The above notice is the notice that the Company is obliged to give to its
members, under the Regulations, of the passing of a "directors' resolution" (as
defined in the Regulations) in relation to its ordinary shares. The directors'
resolution will enable the Company's ordinary shares to join CREST in due
course. The shares have not become transferable by means of the CREST system
merely by virtue of the passing of the directors' resolution; the permission of
the Operator of the system, Euroclear UK & Ireland, must also be given before
the shares can become so transferable.  The effect of the directors' resolution
is to disapply, in relation to the ordinary shares, those provisions of the
Company's articles of association that are inconsistent with the holding and
transfer of those shares in CREST and any provision of the Regulations, as and
when the shares concerned enter the CREST system The Company passed the above
resolution because it has been notified by ICAP that with effect from January
2015, the Central Securities Depositories Regulation (CSDR) will come into
force, which mandated that all transferable securities are required to be
eligible for settlement in dematerialised form within CREST. The Company
currently trades its shares on the ISDX market and has been advised further
that to continue to be able to do so, it needs to have the capability to
dematerialise its ordinary shares. The Company's shares have not previously
been eligible for settlement in dematerialised form. The Company has considered
the implications and options available and the Directors have concluded that it
is in the best interests of the Company and its stakeholders to provide
liquidity to its shares through continuing to trade them on the ISDX market and
accordingly to dematerialise the ordinary shares so that they are eligible for
settlement within CREST.

The necessary paperwork will now be completed and the Company will apply to
Euroclear UK & Ireland to have the ordinary shares admitted to CREST so that
moving forward they can be settled in either dematerialised form or in
certificated form.

Registrars:

The Company has appointed Avenir Registrars Ltd to maintain the register of
Ordinary Shares in CREST.

Avenir Registrars Ltd

Suite A, 6 Honduras Street,

London

EC1Y 0TH

ylva.baeckstrom@avenir-registrars.co.uk

www.avenir-registrars.co.uk

Telephone 020 7692 5500

Process for dematerialisation by holders of eligible securities:

The information provided to shareholders principally refers to the obligations
of the Issuers of a Security. For Holders, paper certificates may continue to
exist in parallel with Securities enabled in CREST.  There is little direct
impact other than the change to T+2 settlement cycle and impact on ex-dividend
dates (that moved from 2 days to 1 day before record date).  However, this may
give rise to practical barriers for transactions in paper Securities.  Holders
should consult their financial adviser or stockbroker for details.  

Holders who wish to dematerialise their holdings may contact their stockbroker
to lodge their holdings in an appropriate nominee or directly into a CREST
personal member account.  The process will typically involve providing their
share certificate along with an appropriately completed J30 stock transfer to
their stockbroker.  The stockbroker will arrange dematerialisation of the
holding via CREST counters and Avenir Registrars Ltd.

Future communications:

Nominees - holders of dematerialised securities held in an appropriate
stockbroker Nominee should communicate directly with their stockbroker for
holdings and other details.  The stockbroker will be able to provide all
necessary support as the legal holder.

CREST Personal Member accounts - those who transfer their holdings into a CREST
personal member account should also contact their stockbroker in the first
instance as these are sponsored accounts and the stockbroker will have all
appropriate details.  However, they may also contact the Registrars for
details.

Physical Holdings - Those who continue to hold securities in certificated form
may contact the Registrars who will arrange to provide electronic access to
view their individual entry on the Register of Holders.  

Yours faithfully

I  H Cobden

Company Secretary

22 June 2015 



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