Business
Issue of Ordinary Shares
Issue of Ordinary Shares.
About this update from Residential Secure Income Plc
[{"type":"text","content":"\n \nRNS Number : 8553C Residential Secure Income PLC 25 January 2018 \n\n25 January 2018\nRESIDENTIAL SECURE INCOME PLC\n(the \"Company\")\n \nIssue of Ordinary Shares under the Fund Management Agreement and Total Voting Rights\nThe Company announces that, in accordance with the terms of the Fund Management Agreement with ReSI Capital Management Limited (the \"Fund Manager\") pursuant to which 25 per cent. of the fund management fee is payable in new ordinary shares of £0.01 each in the capital of the Company (\"Ordinary Shares\"), it has today issued, in aggregate, 111,090 Ordinary Shares (the \"Fund Management Ordinary Shares\") to the Fund Manager, subject only to Admission (defined below).\n \nThe issue price per Fund Management Ordinary Share is £0.98 (being the prevailing Net Asset Value per share).\n \nAn application has been made for the Fund Management Ordinary Shares to be admitted to the premium segment of the Official List and to trading on the main market of the London Stock Exchange. It is expected that dealings in the Fund Management Ordinary Shares will commence at 8.00 a.m. on 26 January 2018 (\"Admission\").\n \nThe Identification code is GB00BYSX1508 and the LEI is 213800D24WA531LAR763.\n \nThe Fund Management Ordinary Shares issued and allotted are subject to a minimum lock-in period of 12 months from 1 January 2018, being when the Fund Management Ordinary Shares became due and deliverable.\n \nTotal Voting Rights\n \nImmediately following Admission, the Company's issued share capital will consist of 180,324,377 Ordinary Shares with voting rights. This figure 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 share capital of the Company under the FCA's Disclosure and Transparency Rules.\n \n \nFOR FURTHER INFORMATION, PLEASE CONTACT: \n \n\n\n\n\nReSI Capital Management Limited\nJonathan Slater, Chief Executive\nBen Fry, Investment Manager\nAlex Pilato, Director\n\n\n+44 (0) 20 7382 0900\n\n\n\n\n\n\n\n\n\n\n\n\nJefferies International Limited\nStuart Klein\nGary Gould\n\n\n+44 (0) 20 7029 8000\n\n\n\n\n\n\n\n\n\n\n\n\nFTI Consulting ...