Share Name Share Symbol Market Type Share ISIN Share Description
GCP Infrastructure Investments LSE:GCP London Ordinary Share JE00B6173J15 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.40p +0.33% 123.40p 123.20p 123.40p 123.40p 122.80p 122.80p 776,994 12:02:25
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.0 46.7 6.4 19.4 1,079.39

GCP Infrastructure Investments Ltd First Priority Housing Association

12/07/2018 7:00am

UK Regulatory (RNS & others)


GCP Infrastructure Investments (LSE:GCP)
Historical Stock Chart

2 Months : From Jun 2018 to Aug 2018

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TIDMGCP

RNS Number : 3663U

GCP Infrastructure Investments Ltd

12 July 2018

GCP Infrastructure Investments Limited

("GCP Infra" or the "Company")

LEI 213800W64MNATSIV5Z47

12 July 2018

First Priority Housing Association ("FPHA")

On 22 February 2018 the Board of GCP Infra, the only UK listed fund focused primarily on investments in UK infrastructure debt, announced that the Directors and the Company's investment adviser, Gravis Capital Management ("Gravis") were monitoring events in relation to First Priority Housing Association Limited ("FPHA").

As at 31 March 2018, the Company was exposed to a loan to Supported Living Infrastructure Ltd to finance supported living units for occupation by adults with learning or physical difficulties (the "Loan Note"). The Loan Note is secured on a senior basis against a portfolio of 24 underlying properties in England and Wales let to c.200 tenants. The properties were subject to fully repairing and insuring 35-year leases with FPHA, and represented c.3.7% of the Company's total assets as at that date.

The Company today announces that each of the 24 leases against which the Loan is secured has been assigned to Bespoke Supportive Tenancies ("BeST") on terms which the Company believes, following discussions with its advisers, will have no material impact on the Company's net asset value.

BeST is a national, not for profit registered provider of social housing for vulnerable adults that operates nationwide and has a presence in all major regions. It is a registered charity which works in partnership with a wide range of local authorities and care providers. It obtained its Homes and Communities Agency (now the Regulator of Social Housing) registration in June 2012.

For further information please contact:

Gravis Capital Management Limited +44 (0)20 3405 8500

Philip Kent

Dion Di Miceli

Stifel Nicolaus Europe Limited +44 (0)20 7710 7600

Mark Bloomfield

Neil Winward

Gaudi Le Roux

Buchanan +44 (0)20 7466 5000

Charles Ryland

Henry Wilson

Notes to Editors

About GCP Infra

The Company is a closed-ended London Stock Exchange-listed investment company that seeks to generate returns from senior and subordinated infrastructure debt and related and/or similar assets. The Company is advised by Gravis.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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July 12, 2018 02:00 ET (06:00 GMT)

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