We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Real Estate Credit Investments Limited | LSE:RECI | London | Ordinary Share | GB00B0HW5366 | ORD NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 116.00 | 116.00 | 118.00 | 116.50 | 115.00 | 116.50 | 305,720 | 16:29:55 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Unit Inv Tr, Closed-end Mgmt | 30.67M | 20.55M | 0.0896 | 12.95 | 266.03M |
TIDMRECI TIDMRECP TIDMTTM
RNS Number : 0701O
Real Estate Credit Investments Ltd
16 August 2017
Date and time of release: 16 August 2017, 7.00 am
REAL ESTATE CREDIT INVESTMENTS LIMITED
(the "Company")
NOTICE OF REDEMPTION OF PREFERENCE SHARES
The Board of Directors of Real Estate Credit Investments Limited (the "Company") gives notice that on 16 September 2017, the Company will be redeeming all of its 44,962,834 Preference Shares (3,032,415 of which are held in Treasury) in accordance with the Company's Articles of Incorporation at a total value, including the accrued interest up to redemption, of GBP42.6 million. Preference Shareholders should note that:
-- the final amount due to Preference Shareholders will be GBP1.017 per Preference Share (the "Repayment Amount"), made up of (i) full principal redemption at par of GBP1.00 and
(ii) accrued interest to the date of redemption of GBP0.017;
-- the Preference Shares will go ex-dividend on 24 August 2017;
-- the record date for the Repayment Amount entitlement and the record date of the final interest payment will be 25 August 2017;
-- CREST accounts of uncertificated holders are expected to be credited on 18 September 2017; and
-- cheques are expected to be mailed to certificated holders on 18 September 2017.
Applications have been made to the Financial Conduct Authority, in its capacity as the UK Listing Authority, to suspend and to cancel the listing of the Preference Shares on the Official List of the UK Listing Authority. Applications have also been made to the London Stock Exchange for the suspension and the cancellation of the trading in the Preference Shares on the London Stock Exchange's main market for listed securities. The suspension will take effect at 7.30am on Monday 28 August 2017 and the cancellation will take effect at 8.00am on Monday 18 September 2017.
The Repayment Amount due to Preference Shareholders has been calculated in accordance with the method set out in the Company's Articles of Incorporation.
For further information please contact:
Richard Crawley / Richard +44 (0)20 Broker: Bootle (Liberum Capital) 3100 2222 ------------- --------------------------- ----------- Investor Nicole von Westenholz +44 (0)20 Relations: (Cheyne) 7968 7482 ------------- --------------------------- -----------
-----END------
This information is provided by RNS
The company news service from the London Stock Exchange
END
UPDUVSORBBAWAAR
(END) Dow Jones Newswires
August 16, 2017 02:00 ET (06:00 GMT)
1 Year Real Estate Credit Inves... Chart |
1 Month Real Estate Credit Inves... Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions