Announcement of Results of Placing

About this update from Schroder European Real Estate Investment Trust Plc

[{"type":"text","content":"\n \nRNS Number : 2303N Schroder Eur Real Est Inv Trust PLC 24 October 2016  \n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO, THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN.\n \n24 October 2016\n \nSCHRODER EUROPEAN REAL ESTATE INVESTMENT TRUST PLC\n \nANNOUNCEMENT OF RESULTS OF PLACING\n \n \nFurther to the announcement dated 10 October 2016 the Board of Schroder European Real Estate Investment Trust plc (the \"Company\") is pleased to announce the successful issue of new Ordinary Shares. \nCommitments for 12,500,000 new Ordinary Shares were received under the Placing and accordingly, a total of 12,500,000 new Ordinary Shares (\"New Shares\") have therefore been placed, subject to Admission, by Numis Securities Limited (\"Numis\") and PSG Capital Proprietary Limited (\"PSG Capital\") at a price of 120 pence per share, raising gross proceeds of approximately £15 million. The New Shares represent approximately 10.3% of the issued ordinary share capital of the Company prior to the Placing.\nThe New Shares issued pursuant to the Placing will rank pari passu in all respects with the existing Ordinary Shares (save for any dividends or other distributions declared, made or paid on the Ordinary Shares by reference to a record date prior to the allotment of the relevant New Shares).\nApplications will be made to the UK Listing Authority and the London Stock Exchange for the New Shares issued pursuant to the Placing to be admitted to the premium segment of the Official List and to trading on the London Stock Exchange's main market for listed securities as a primary listing. In addition, application will be made to the Johannesburg Stock Exchange (\"JSE\") for the New Shares issued pursuant to the Placing to be admitted to trading on the JSE's main board for listed securities. It is expected that such admission will take place at commencement of trading on Friday, 28 October 2016 (or such later date as may be agreed between the Company, Numis and PSG Capital).\nFollowing Admission, the number of Ordinary Shares that the Company has in issue will be 133,743,686. The total number of voting rights of the Company will be 133,743,686 and this figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify the...

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