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
  +0.00p +0.00% 48.50p 44.00p 53.00p 48.50p 48.50p 48.50p 0 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 0.3 -0.1 -1.0 - 13

KCR Residential REIT PLC Update on Financing

07/06/2019 7:00am

UK Regulatory (RNS & others)


Kcr Residential Reit (LSE:KCR)
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RNS Number : 4579B

KCR Residential REIT PLC

07 June 2019

7 June 2019

KCR Residential REIT plc

("KCR" or "the Company")

Financing

Further to the announcement of 1 April 2019, KCR Residential REIT plc, the residential REIT group, announces that Oliver Vaughan, a non-executive director, has extended the term of his unsecured interest-free working capital loan of GBP150,000 to the Company. The loan is now repayable on 30 June 2019. There is no right of conversion into equity. A fee of GBP10,000 is payable in relation to the extension.

Related Party Transaction

The loan from Oliver Vaughan is considered a related-party transaction for the purposes of Rule 13 of the AIM Rules for Companies. The directors (other than Oliver Vaughan) consider, having consulted with Arden Partners, the Company's nominated adviser, that the terms of the loan extension and fee are fair and reasonable in so far as KCR's shareholders are concerned.

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 (Nominated adviser and broker)

Tom Price / Benjamin Cryer (Corporate Finance)

Aimee Kerslake (Sales)

+44 20 7614 5900

Notes to editors:

KCR's objective is to build a substantial low-to-mid-priced residential property portfolio that generates both secure income flow and increasing net asset value for shareholders. KCR acquires blocks of studio, one-and two-bed apartments that are close to transport links, shopping and leisure.

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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June 07, 2019 02:00 ET (06:00 GMT)

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