REG - KCR Residential REIT - Director Subscription

KCR Residential ReitAnnouncement

13/07/2018 09:45

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



KCR Residential REIT plc

Dominic White, Chief executive


info@kcrreit.co.uk

+44 20 3793 5236




Arden Partners plc
Steve Douglas
Ben Cryer


+44 20 7614 5900




Yellow Jersey PR
Charles Goodwin
Abena Affum




+44 7747 788 221
+44 7555 159 808



 




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