Real Estate Credit Investments Ltd Notification of Major Interest in Shares (7168K)

TIDMRECI TIDMRECP TIDMTTM

RNS Number : 7168K

Real Estate Credit Investments Ltd

11 July 2017

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 
------------------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or                                      Real Estate Credit Investments 
  the underlying issuer                                                                   Limited 
  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 
------------------------------------------------------------  ----------------------------------- 
 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                              X 
------------------------------------------------------------  ----------------------------------- 
 Other (please 
  specify): 
----------------------------------------------------------    ----------------------------------- 
 3. Full name of person(s)                                              City Financial Investment 
  subject to the                                                       Company Limited, acting as 
  notification obligation:                                              Investment Manager of the 
                                                                      City Financial Wealth Fund, 
                                                                       City Financial Diversified 
                                                                        Fixed Interest Fund, City 
                                                                Financial Multi Asset Diversified 
                                                                    Fund and City Financial Multi 
                                                                             Asset Balanced Fund. 
-----------------------------------------------------------  ------------------------------------ 
 4. Full name of shareholder(s)                                   BNY Mellon Trust and Depositary 
  (if different from 3.):                                        as Trustee to the City Financial 
                                                                    Multi Asset Diversified Fund, 
                                                                       City Financial Multi Asset 
                                                                       Balanced Fund and the City 
                                                                      Financial Diversified Fixed 
                                                                       Interest Fund and NorTrust 
                                                                   Nominees Ltd acting as Trustee 
                                                                     to the City Financial Wealth 
                                                                                             Fund 
-----------------------------------------------------------  ------------------------------------ 
 5. Date of the transaction                                                          10 JULY 2017 
  and date on 
  which the threshold is 
  crossed or 
  reached: 
-----------------------------------------------------------  ------------------------------------ 
 6. Date on which issuer                                                             11 JULY 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 
--------------      -----------    -----------    -------------  ------------  ------------  ------------  ----------- 
 
 
  GB00B0HW5366   5,027,744        5,027,744        5,027,744      5,027,744                   4.90% 
                ---------------  ---------------  -------------  ------------  ------------  ------------  ----------- 
 
 
 B: Qualifying Financial Instruments 
---------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------- 
 Type of financial   Expiration     Exercise/                       Number of voting              % of voting 
  instrument          date           Conversion                      rights that                   rights 
                                     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 
--------------------------------------------------  ------------------------------------------------------------------ 
 5,027,744                                           4.90% 
--------------------------------------------------  ------------------------------------------------------------------ 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
----------------------------------------------------------------------------- 
 
   N/A 
 
 Proxy Voting: 
----------------------------------------------------------------------------- 
 10. Name of the proxy holder:                                            N/A 
-------------------------------------------------------  -------------------- 
 11. Number of voting rights proxy                                        N/A 
  holder will cease 
  to hold: 
-------------------------------------------------------  -------------------- 
 12. Date on which proxy holder will                                      N/A 
  cease to hold 
  voting rights: 
-------------------------------------------------------  -------------------- 
 
 
  13. Additional information: 
-------------------------------------------------------  -------------------- 
 14. Contact name:                                             Ben Ellenbogen 
-------------------------------------------------------  -------------------- 
 15. Contact telephone number:                            [phone] 

-------------------------------------------------------  -------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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July 11, 2017 06:21 ET (10:21 GMT)