Drum Income Plus REIT PLC Issue of Equity (7148X)

TIDMDRIP

RNS Number : 7148X

Drum Income Plus REIT PLC

23 February 2017

DRUM INCOME PLUS REIT

LEI: 213800FG3PJGQ3KQH756

ISSUE OF EQUITY

The Board announces that Drum Income Plus REIT plc (the "Company") has issued 1,607,090 ordinary shares of 10p each (the "New Shares") conditional only on admission to listing on the Official List of the UK Listing Authority and to trading on the main market of the London Stock Exchange. The New Shares, which rank pari passu with the Company's existing shares, are being issued at a price of 100 pence per ordinary share.

Applications have been made for these shares to be admitted to the Official List of the UK Listing Authority and to trading on the main market of the London Stock Exchange's ("Admission"). It is expected that Admission will become effective and that unconditional dealings in these shares will commence at 8.00 a.m. (London time) on 24 February 2017.

Following Admission, as a result of this allotment, the total number of ordinary shares in issue will be 38,201,990, and the total number of voting rights in the Company will be 38,201,990.

The above 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 Company under the FCA's Disclosure, Guidance and Transparency Rules.

Enquiries

 
Drum Real Estate Investment Management (Investment Manager) 
Bryan Sherriff                                                                      0131 285 0050 
 
Drum Income Plus REIT Plc 
Martin Cassels, Company Secretary                                                   0131 550 3760 
 
Cantor Fitzgerald Europe (Financial Adviser and Corporate Broker) 
Sue Inglis (Corporate Finance)                                                      020 7894 8016 
Ben Heatley / Richard Sloss (Sales)                                 020 7894 8529 / 0131 240 3863 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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February 23, 2017 09:35 ET (14:35 GMT)