Reduction of the Share Premium Account

About this update from Schroder European Real Estate Investment Trust Plc

[{"type":"text","content":"\n \nRNS Number : 7455T Schroder Eur Real Est Inv Trust PLC 31 March 2016  \n\n \n \n \n \n \n \n \n \n \n \n31 March 2016\n \n \nReduction of the share premium account\n \n \n\nAs stated in the prospectus of Schroder European Real Estate Investment Trust plc (the \"Company\") dated 11 November 2015, in order to increase the distributable reserves available to facilitate the payment of future dividends, the Company had resolved that, conditional upon First Admission and the approval of the Court, the amount standing to the credit of the share premium account of the Company immediately following completion of the Initial Placing and Offer be cancelled and transferred to a special distributable reserve. \n \nThe Company is pleased to announce that, following the approval of the Court and the subsequent registration of the Court order with the Registrar of Companies on 23 March 2016, the reduction has now become effective. Accordingly, the amount of £96,749,991 previously held in the share premium account has been cancelled.\n \nGiven that the Company issued further shares subsequent to First Admission, on 14 December 2015 and on 12 February 2016, there is a balance remaining to the credit of the share premium account following the above cancellation.\n \n\n \nEnquiries:\n \nRia Vavakis\nSchroder Investment Management Limited                                        Tel: 020 7658 2371\n \n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange  END  MSCBDGDXGSXBGLB\n ","length":3169,"tagName":"div"}]

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