Real Estate Credit Investments Ltd Notification of Major Interest in Shares (1227W)

TIDMRECI TIDMRECP TIDMTTM

RNS Number : 1227W

Real Estate Credit Investments Ltd

06 February 2017

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 
----------------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or                                    REAL ESTATE CREDIT INVESTMENTS 
  the underlying issuer 
  of existing shares to which 
  voting rights are 
  attached: 
-----------------------------------------------------------  ---------------------------------- 
 2 Reason for the notification (please tick the appropriate 
  box or boxes): 
----------------------------------------------------------------------------------------------- 
 An acquisition or disposal of voting rights                                  x 
------------------------------------------------------------  --------------------------------- 
 An acquisition or disposal of qualifying financial 
  instruments which may result in the acquisition 
  of shares already issued to which voting rights 
  are attached 
------------------------------------------------------------  --------------------------------- 
 An acquisition or disposal of instruments with 
  similar economic effect to qualifying financial 
  instruments 
------------------------------------------------------------  --------------------------------- 
 An event changing the breakdown of voting rights 
------------------------------------------------------------  --------------------------------- 
 Other (please 
  specify): 
----------------------------------------------------------    --------------------------------- 
 3. Full name of person(s)                                       Close Asset Management Limited 
  subject to the 
  notification obligation: 
-----------------------------------------------------------  ---------------------------------- 
 4. Full name of shareholder(s) 
  (if different from 3.): 
-----------------------------------------------------------  ---------------------------------- 
 5. Date of the transaction                                                          03/02/2017 
  and date on 
  which the threshold is 
  crossed or 
  reached: 
-----------------------------------------------------------  ---------------------------------- 
 6. Date on which issuer                                                             06/02/2017 
  notified: 
-----------------------------------------------------------  ---------------------------------- 
 7. Threshold(s) that is/are 
  crossed or 
  reached:                                                                                   5% 
-----------------------------------------------------------  ---------------------------------- 
 
 
 
 8. Notified details: 
---------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares 
---------------------------------------------------------------------------------------------------------------------- 
 Class/type     Situation previous                Resulting situation after the 
  of             to the triggering                 triggering transaction 
  shares         transaction 
 
  if possible 
  using 
  the ISIN 
  CODE 
-------------  --------------------------------  --------------------------------------------------------------------- 
                Number           Number           Number         Number of                    % of voting 
                 of               of               of shares      voting                       rights 
                 Shares           Voting                          rights 
                                  Rights 
-------------  ---------------  ---------------  -------------  ---------------------------  ------------------------- 
                                                  Direct         Direct         Indirect      Direct        Indirect 
-------------      -----------    -----------    -------------  -------------  ------------  ------------  ----------- 
 PREF NPV 
 - 
 GG00B4ZRT175   1,905,000        41,930,419       2,165,850      41,930,419                   5.17% 
-------------  ---------------  ---------------  -------------  -------------  ------------  ------------  ----------- 
 
 B: Qualifying Financial Instruments 
---------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------- 
 Type of            Expiration     Exercise/                       Number of voting               % of voting 
 financial           date           Conversion                      rights that                    rights 
 instrument                         Period                          may be 
                                                                    acquired if 
                                                                    the 
                                                                    instrument 
                                                                    is 
                                                                    exercised/ 
                                                                    converted. 
-----------------  -------------  ------------------------------  -----------------------------  --------------------- 
 
 
 C: Financial Instruments with similar economic effect 
  to Qualifying Financial Instruments 
---------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------- 
 Type of          Exercise       Expiration     Exercise/        Number of voting               % of voting 
 financial         price         date           Conversion        rights instrument              rights 
 instrument                                     period            refers to 
---------------  -------------  -------------  ---------------  -----------------------------  ----------------------- 
                                                                                                Nominal       Delta 
---------------  -------------  -------------  ---------------  -----------------------------  ------------  --------- 
 
 
 Total (A+B+C) 
---------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                            Percentage of voting rights 
-------------------------------------------------  ------------------------------------------------------------------- 
 2,165,850                                          5.17% 
-------------------------------------------------  ------------------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
-------------------------------------------------------------------------------------------------- 
 
   Close Asset Management Limited 
 
 Proxy Voting: 
-------------------------------------------------------------------------------------------------- 
 10. Name of the proxy holder: 
-------------------------------------------------------------  ----------------------------------- 
 11. Number of voting rights proxy 
  holder will cease to hold: 
-------------------------------------------------------------  ----------------------------------- 
 12. Date on which proxy holder will 
  cease to hold voting rights: 
-------------------------------------------------------------  ----------------------------------- 
 
                                                                On 3(rd) February 2017, Close 
  13. Additional information:                                   Brothers Asset Management 
                                                                bought 260,850 shares in 
                                                                Real Estate Credit Investments 
                                                                Pref NPV. This brought our 
                                                                shareholding to 2,165,850 
                                                                and 5.17% of the shares in 
                                                                issue. 
 
                                                                This is based on the shares 
                                                                in issue figure of 41,930,419 
                                                                as at 6(th) February 2017. 
 
                                                                This is the required notification 
                                                                that the holding has crossed 
                                                                5% of the shares in issue. 
-------------------------------------------------------------  ----------------------------------- 
 14. Contact name:                                                                   Ciara Elliott 
-------------------------------------------------------------  ----------------------------------- 
 15. Contact telephone number:                                                       020 7426 4124 
-------------------------------------------------------------  ----------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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February 06, 2017 06:36 ET (11:36 GMT)