RNS Number : 5836U
KCR Residential REIT PLC
13 July 2018
For immediate release
13 July 2018
KCR Residential REIT plc
("KCR" or the "Company")
Director Subscription
KCR today announces that, following its announcement at 7 a.m. today, Dominic White and Timothy James have conditionally agreed to subscribe for Ordinary Shares in the Company as part of the Subscription, details of which are included in the table below:
Director
Number of Existing Ordinary Shares
Number of Ordinary Shares Subscribed for
Total Ordinary Shares held immediately following the subscription
Percentage of the Enlarged Share Capital
Dominic White
-
57,143
57,143
0.40%
Timothy James
475,921
28,571
504,492
3.53%
The subscription by Dominic White and Timothy James is conditional upon, inter alia, the passing of the Resolutions at the General Meeting and Admission.
Related Party Transactions
Participation by the Directors (as per the table above) in the Subscription is considered a related party transaction for the purposes of Rule 13 of the AIM Rules for Companies. The Directors (other than Dominic White and Timothy James) consider, having consulted with Arden Partners, the Company's nominated adviser, that the terms of the participation for Dominic White and Timothy James in the Subscription are fair and reasonable in so far as its Shareholders are concerned.
Capitalised terms used in this Announcement shall have the meanings given to such terms in the Company's announcement this morning
This announcement contains information which, prior to its disclosure, was inside information for the purpose of the Market Abuse Regulation.
Enquiries
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