Brief: KCR Residential Proposes Subscription For 9 Mln New Shares

KCR Residential Reit

12/07/2019 16:35

July 12 (Reuters) - KCR Residential REIT PLC  KCR.L :
    * KCR RESIDENTIAL REIT PLC - PROPOSED SUBSCRIPTION FOR 9
MILLION
NEW ORDINARY SHARES EACH AT 45 PENCE PER SHARE
    * KCR RESIDENTIAL REIT PLC - PROPOSED APPROVAL OF STRATEGIC
AGREEMENT AND OPTION AGREEMENT
    * KCR RESIDENTIAL REIT PLC - PROPOSED APPROVAL OF
REDESIGNATION
AND GIFT AGREEMENT AND ADOPTION OF NEW ARTICLES OF ASSOCIATION
    * KCR RESIDENTIAL- AGREED IN OPTION AGREEMENT TO GRANT
TORCHLIGHT
AN OPTION TO SUBSCRIBE FOR FURTHER 50 MILLION NEW ORDINARY
SHARES DURING OPTION PERIOD
    * KCR RESIDENTIAL REIT PLC - ENTERED INTO STRATEGIC
AGREEMENT WITH
TORCHLIGHT'S INVESTEE, RCL, A RESIDENTIAL LAND DEVELOPER IN
AUSTRALIA AND NEW ZEALAND

Source text for Eikon:  ID:nRSL4368Fa 
Further company coverage:  KCR.L 

 ((Reuters.Briefs@thomsonreuters.com;))