Results of placing

About this update from Schroder European Real Estate Investment Trust Plc

[{"type":"text","content":"\n \nRNS Number : 1527O Schroder Eur Real Est Inv Trust PLC 05 February 2016  \n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO, THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN.\n \n \nSCHRODER EUROPEAN REAL ESTATE INVESTMENT TRUST PLC\nResults of placing\n5 February 2016\n \nFurther to the announcement dated 2 February 2016 the Board of Schroder European Real Estate Investment Trust PLC (the 'Company') is pleased to announce the successful issue of further Ordinary Shares by way of a placing (the 'Placing') pursuant to the terms and conditions of the Placing Programme established under the prospectus issued by the Company dated 11 November 2015 (the 'Prospectus').  \n \nThe Directors have exercised the right, in consultation with Numis and PSG Capital, to increase the number of new Ordinary Shares offered pursuant to the Placing. A total of 13,284,686 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 104 pence per share, raising gross proceeds of approximately £13.8 million. The New Shares represent approximately 12.3% of the issued ordinary share capital of the Company prior to the Placing.\n \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).\n \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 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 12 February 2016 (or such later date as may be agreed between the Company, Numis and PSG Capital).\n \nFollowing Admission, the number of ordinary shares that the Company has in i...

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