Ground Rents Inc Fnd - Exercise of Warrants

Ground Rents Income Fund

08/09/2022 17:30

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RNS Number : 8402Y  Ground Rents Income Fund PLC  08 September 2022

GROUND RENTS INCOME FUND PLC

(the "Company")

 

EXERCISE OF WARRANTS

 

Ground Rents Income Fund plc has received warrant exercise notices and
subscription monies in respect of 130 ordinary shares of 50 pence each (the
"New Ordinary Shares"). The warrants have been exercised at a subscription
price of £1.00 each. The New Ordinary Shares will rank pari passu with the
existing ordinary shares in the Company.

 

Application has been made for the New Ordinary Shares to be admitted to the
Official List of The International Stock Exchange and to trading on the SETSqx
platform of the London Stock Exchange. It is expected that admission will
become effective and that dealings in the New Ordinary Shares will commence on
14 September 2022.

 

Following this allotment, the issued share capital and total voting rights of
the Company will consist of 95,667,627 ordinary shares of 50 pence each. 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 share capital of the Company.

 

After the issuance, no further warrants will remain to be exercised from the
initial 10 million warrants issued, which expired on 31 August 2022.

 

 

For further information:

 Schroder Real Estate Investment Management Limited
 Chris Leek / Matthew Riley                              020 7658 6000

 Singer Capital Markets (Broker)
 James Maxwell / Kailey Aliyar                           020 7496 3000

 Appleby Securities (Channel Islands) Limited (Sponsor)
 Andrew Weaver                                           01534 888 777

 FTI Consulting
 Dido Laurimore / Richard Gotla / Meth Tanyanyiwa        020 3727 1000

 

 

 

END OF ANNOUNCEMENT

 

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