Real Estate Credit Investments Ltd Notification of Major Interest in Shares (2287K)

TIDMRECI TIDMRECP TIDMTTM

RNS Number : 2287K

Real Estate Credit Investments Ltd

05 July 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                                                          04/07/2017 
  and date on 
  which the threshold is 
  crossed or 
  reached: 
-----------------------------------------------------------  ---------------------------------- 
 6. Date on which issuer                                                             05/07/2017 
  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 
-------------      -----------    -----------    --------------  ------------  ------------  ------------  ----------- 
 ORD NPV 
 - 
 GB00B0HW5366   0                0                5,250,000       5,250,000                   5.94% 
-------------  ---------------  ---------------  --------------  ------------  ------------  ------------  ----------- 
 
 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 
-------------------------------------------------  ------------------------------------------------------------------- 
 5,250,000                                          5.94% 
-------------------------------------------------  ------------------------------------------------------------------- 
 
 
 
 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 4(th) July 2017, Close 
  13. Additional information:                                   Brothers Asset Management 
                                                                bought 5,250,000shares in 
                                                                Real Estate Credit Investments 
                                                                ORD NPV. This brought our 
                                                                shareholding to 5,250,000 
                                                                and 5.94% of the shares in 
                                                                issue. 
 
                                                                This is based on the shares 
                                                                in issue figure of 88365110 
                                                                as at 4(th) July 2017. 
 
                                                                This is the required notification 
                                                                that the holding has crossed 
                                                                5% of the shares in issue. 
-------------------------------------------------------------  ----------------------------------- 
 14. Contact name:                                                                John Ravenscroft 
-------------------------------------------------------------  ----------------------------------- 
 15. Contact telephone number:                                                       020 7426 4162 
-------------------------------------------------------------  ----------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

HOLRAMITMBMMBIR

(END) Dow Jones Newswires

July 05, 2017 10:06 ET (14:06 GMT)