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KCR Kcr Residential Reit Plc

9.00
0.00 (0.00%)
Last Updated: 08:00:05
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Kcr Residential Reit Plc LSE:KCR London Ordinary Share GB00BYWK1Q82 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 9.00 8.00 10.00 9.50 9.00 9.50 0.00 08:00:05
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Real Estate Investment Trust 1.58M -166k -0.0040 -22.50 3.75M

KCR Residential REIT PLC Allotment of Restricted Preference Shares (9030Z)

05/09/2018 4:18pm

UK Regulatory


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TIDMKCR

RNS Number : 9030Z

KCR Residential REIT PLC

05 September 2018

5 September 2018

KCR Residential REIT plc

("KCR" or "the Company")

Allotment of Restricted Preference Shares

KCR Residential REIT plc, the residential REIT group, announces that, following the passing of the resolutions at the Company's general meeting on 30 July 2018, the directors have approved the allotment of 1,500,000 Restricted Preference Shares, fully paid, to the following directors and employees (which correspond to the total authorised but unissued amount as set out in the circular posted to shareholders on 13 July 2018 (the "Circular"))

 
                      Restricted Preference 
                                     Shares   Amount subscribed 
 Name                          No. allotted                 GBP 
 Dominic White                      265,357              26,536 
 James Cane                          10,000               1,000 
 Timothy James                      265,357              26,536 
 Christopher James                  214,286              21,428 
 Benjamin James                     214,286              21,428 
 Timothy Oakley                     265,357              26,536 
 Oliver Vaughan                     265,357              26,536 
 Total                            1,500,000          GBP150,000 
                     ----------------------  ------------------ 
 

Following the allotment of such Restricted Preference Shares, the interests of Dominic White, James Cane, Timothy Oakley and Oliver Vaughan in shares in the Company will be as follows:

 
                                                             No. of Restricted 
                     No. of Ordinary   % of issued voting    Preference Shares 
 Name of Director        Shares held        share capital                 held 
 Dominic White 
  (1)                         57,143                0.40%            1,765,357 
 James Cane                    1,318                0.01%               40,000 
 Timothy James               504,492                3.53%            1,225,357 
 Oliver Vaughan 
  (2)                         73,065                0.51%            1,075,357 
 

Notes:

(1) Includes 1,000,000 Restricted Preference Shares held by Mr White's pension fund, White Amba Pension Scheme

(2) Includes 66,500 ordinary shares held by Grosmont Investments Limited, a company controlled by Oliver Vaughan. Mr Vaughan's Restricted Preference Shares are held in his own name.

The Restricted Preference Shares, their terms and the rights attaching to them are described in the Circular, and the full terms of the Restricted Preference Shares are set out in the new articles of association (the "New Articles") adopted by the Company at the general meeting held on 30 July 2018. Copies of the Circular and of the New Articles can be found on the Company's website www.kcrreit.com.

Market Abuse Regulation (MAR) Disclosure

The information contained within this announcement is deemed by the Company to constitute inside information for the purposes of the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

For further information, please contact:

 
  KCR Residential REIT plc           info@kcrreit.com 
  Dominic White, Chief executive     +44 20 3793 5236 
  Arden Partners plc 
  Steve Douglas / Benjamin Cryer     +44 20 7614 5917 
 

Notes to editors:

KCR's objective is to build a substantial residential property portfolio that generates secure income flow for shareholders through the acquisition of SPVs (Special Purpose Vehicles) with inherent historical capital gains. The Directors intend that the group will acquire, develop and manage residential property assets in residential areas in the UK.

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                              Oliver Vaughan 
     --------------------------------  ----------------------------------- 
 2    Reason for the notification 
     --------------------------------------------------------------------- 
 a)   Position/status                   Director 
     --------------------------------  ----------------------------------- 
 b)   Initial notification /Amendment   Initial notification 
     --------------------------------  ----------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     --------------------------------------------------------------------- 
 a)   Name                              KCR Residential REIT plc 
     --------------------------------  ----------------------------------- 
 b)   LEI                               213800NTHWVFLSB9CX32 
     --------------------------------  ----------------------------------- 
 4    Details of the transaction(s): section to be repeated for 
       (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions have 
       been conducted 
     --------------------------------------------------------------------- 
 a)   Description of the financial      Restricted Preference Shares 
       instrument, type of instrument 
 
       Identification code 
     --------------------------------  ----------------------------------- 
 b)   Nature of the transaction         Allotment of Restricted Preference 
                                         Shares 
     --------------------------------  ----------------------------------- 
 c)   Price(s) and volume(s)              Price(s)    Volume(s) 
                                           GBP0.10     265,357 
                                                      ---------- 
     --------------------------------  ----------------------------------- 
 d)   Aggregated information            N/A (Single transaction) 
 
       - Aggregated volume 
 
       - Price 
     --------------------------------  ----------------------------------- 
 e)   Date of the transaction           5 September 2018 
     --------------------------------  ----------------------------------- 
 f)   Place of the transaction          Outside a trading venue 
     --------------------------------  ----------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                              Timothy James 
     --------------------------------  ----------------------------------- 
 2    Reason for the notification 
     --------------------------------------------------------------------- 
 a)   Position/status                   Director 
     --------------------------------  ----------------------------------- 
 b)   Initial notification /Amendment   Initial notification 
     --------------------------------  ----------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     --------------------------------------------------------------------- 
 a)   Name                              KCR Residential REIT plc 
     --------------------------------  ----------------------------------- 
 b)   LEI                               213800NTHWVFLSB9CX32 
     --------------------------------  ----------------------------------- 
 4    Details of the transaction(s): section to be repeated for 
       (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions have 
       been conducted 
     --------------------------------------------------------------------- 
 a)   Description of the financial      Restricted Preference Shares 
       instrument, type of instrument 
 
       Identification code 
     --------------------------------  ----------------------------------- 
 b)   Nature of the transaction         Allotment of Restricted Preference 
                                         Shares 
     --------------------------------  ----------------------------------- 
 c)   Price(s) and volume(s)              Price(s)    Volume(s) 
                                           GBP0.10     265,357 
                                                      ---------- 
     --------------------------------  ----------------------------------- 
 d)   Aggregated information            N/A (Single transaction) 
 
       - Aggregated volume 
 
       - Price 
     --------------------------------  ----------------------------------- 
 e)   Date of the transaction           5 September 2018 
     --------------------------------  ----------------------------------- 
 f)   Place of the transaction          Outside a trading venue 
     --------------------------------  ----------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                              James Cane 
     --------------------------------  ----------------------------------- 
 2    Reason for the notification 
     --------------------------------------------------------------------- 
 a)   Position/status                   Director 
     --------------------------------  ----------------------------------- 
 b)   Initial notification /Amendment   Initial notification 
     --------------------------------  ----------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     --------------------------------------------------------------------- 
 a)   Name                              KCR Residential REIT plc 
     --------------------------------  ----------------------------------- 
 b)   LEI                               213800NTHWVFLSB9CX32 
     --------------------------------  ----------------------------------- 
 4    Details of the transaction(s): section to be repeated for 
       (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions have 
       been conducted 
     --------------------------------------------------------------------- 
 a)   Description of the financial      Restricted Preference Shares 
       instrument, type of instrument 
 
       Identification code 
     --------------------------------  ----------------------------------- 
 b)   Nature of the transaction         Allotment of Restricted Preference 
                                         Shares 
     --------------------------------  ----------------------------------- 
 c)   Price(s) and volume(s)              Price(s)    Volume(s) 
                                           GBP0.10     10,000 
                                                      ---------- 
     --------------------------------  ----------------------------------- 
 d)   Aggregated information            N/A (Single transaction) 
 
       - Aggregated volume 
 
       - Price 
     --------------------------------  ----------------------------------- 
 e)   Date of the transaction           5 September 2018 
     --------------------------------  ----------------------------------- 
 f)   Place of the transaction          Outside a trading venue 
     --------------------------------  ----------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                              Christopher James 
     --------------------------------  ----------------------------------- 
 2    Reason for the notification 
     --------------------------------------------------------------------- 
 a)   Position/status                   PDMR 
     --------------------------------  ----------------------------------- 
 b)   Initial notification /Amendment   Initial notification 
     --------------------------------  ----------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     --------------------------------------------------------------------- 
 a)   Name                              KCR Residential REIT plc 
     --------------------------------  ----------------------------------- 
 b)   LEI                               213800NTHWVFLSB9CX32 
     --------------------------------  ----------------------------------- 
 4    Details of the transaction(s): section to be repeated for 
       (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions have 
       been conducted 
     --------------------------------------------------------------------- 
 a)   Description of the financial      Restricted Preference Shares 
       instrument, type of instrument 
 
       Identification code 
     --------------------------------  ----------------------------------- 
 b)   Nature of the transaction         Allotment of Restricted Preference 
                                         Shares 
     --------------------------------  ----------------------------------- 
 c)   Price(s) and volume(s)              Price(s)    Volume(s) 
                                           GBP0.10     214,286 
                                                      ---------- 
     --------------------------------  ----------------------------------- 
 d)   Aggregated information            N/A (Single transaction) 
 
       - Aggregated volume 
 
       - Price 
     --------------------------------  ----------------------------------- 
 e)   Date of the transaction           5 September 2018 
     --------------------------------  ----------------------------------- 
 f)   Place of the transaction          Outside a trading venue 
     --------------------------------  ----------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                              Timothy Oakley 
     --------------------------------  ----------------------------------- 
 2    Reason for the notification 
     --------------------------------------------------------------------- 
 a)   Position/status                   PDMR 
     --------------------------------  ----------------------------------- 
 b)   Initial notification /Amendment   Initial notification 
     --------------------------------  ----------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     --------------------------------------------------------------------- 
 a)   Name                              KCR Residential REIT plc 
     --------------------------------  ----------------------------------- 
 b)   LEI                               213800NTHWVFLSB9CX32 
     --------------------------------  ----------------------------------- 
 4    Details of the transaction(s): section to be repeated for 
       (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions have 
       been conducted 
     --------------------------------------------------------------------- 
 a)   Description of the financial      Restricted Preference Shares 
       instrument, type of instrument 
 
       Identification code 
     --------------------------------  ----------------------------------- 
 b)   Nature of the transaction         Allotment of Restricted Preference 
                                         Shares 
     --------------------------------  ----------------------------------- 
 c)   Price(s) and volume(s)              Price(s)    Volume(s) 
                                           GBP0.10     265,357 
                                                      ---------- 
     --------------------------------  ----------------------------------- 
 d)   Aggregated information            N/A (Single transaction) 
 
       - Aggregated volume 
 
       - Price 
     --------------------------------  ----------------------------------- 
 e)   Date of the transaction           5 September 2018 
     --------------------------------  ----------------------------------- 
 f)   Place of the transaction          Outside a trading venue 
     --------------------------------  ----------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                              Dominic White 
     --------------------------------  ----------------------------------- 
 2    Reason for the notification 
     --------------------------------------------------------------------- 
 a)   Position/status                   Director 
     --------------------------------  ----------------------------------- 
 b)   Initial notification /Amendment   Initial notification 
     --------------------------------  ----------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     --------------------------------------------------------------------- 
 a)   Name                              KCR Residential plc 
     --------------------------------  ----------------------------------- 
 b)   LEI                               213800NTHWVFLSB9CX32 
     --------------------------------  ----------------------------------- 
 4    Details of the transaction(s): section to be repeated for 
       (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions have 
       been conducted 
     --------------------------------------------------------------------- 
 a)   Description of the financial      Restricted Preference Shares 
       instrument, type of instrument 
 
       Identification code 
     --------------------------------  ----------------------------------- 
 b)   Nature of the transaction         Allotment of Restricted Preference 
                                         Shares 
     --------------------------------  ----------------------------------- 
 c)   Price(s) and volume(s)              Price(s)    Volume(s) 
                                           GBP0.10     265,357 
                                                      ---------- 
     --------------------------------  ----------------------------------- 
 d)   Aggregated information            N/A (Single transaction) 
 
       - Aggregated volume 
 
       - Price 
     --------------------------------  ----------------------------------- 
 e)   Date of the transaction           5 September 2018 
     --------------------------------  ----------------------------------- 
 f)   Place of the transaction          Outside a trading venue 
     --------------------------------  ----------------------------------- 
 

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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(END) Dow Jones Newswires

September 05, 2018 11:18 ET (15:18 GMT)

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