Last checked at 16 May 2012 16:49
RIS ANNOUNCEMENT
16 MAY 2012
F&C COMMERCIAL PROPERTY TRUST LIMITED
ISSUE OF EQUITY
The Board announces that F&C Commercial Property Trust Limited ("the Company") has today allotted and issued a further 7,750,000 ordinary shares of 1p each ("Ordinary Shares"), which rank pari passu with the existing shares in issue. The Ordinary Shares have been issued at a price of 103.51p per share, being a 3 per cent. premium to the net asset value announced by the Company on 3 May 2012. It is expected that the new shares will be admitted to listing and to trading at 8.00 a.m. on Monday 21 May 2012.
As announced by the Company on 10 May 2012, the net proceeds of the allotment will be earmarked for commitments to new properties and capital investment generating future income.
Following this issue, the total number of ordinary shares will be 708,287,003 and the total number of voting rights in the Company will be 708,287,003.
The above figures may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FSA's Disclosure and Transparency Rules.
All Enquiries
Richard Kirby, F&C REIT Asset Management plcTel. 0207 499 2244
Graeme Caton, Winterflood Securities Limited
Tel: 0203 100 0268