Starwood European Real Estate Finan Issue of Equity (2367A)
18 Mars 2013 - 1:08PM
UK Regulatory
TIDMSWEF
RNS Number : 2367A
Starwood European Real Estate Finan
18 March 2013
18 March 2013
Starwood European Real Estate Finance Limited
Issue of Equity
Starwood European Real Estate Finance Limited (the "Company")
announces that, subject only to Admission (as defined below),
8,000,000 new ordinary shares in the Company ("Shares") will be
issued for cash at a price of 104.25 pence per Share to meet market
demand, principally following the Company's inclusion in the FTSE
UK Index Series.
Application has been made to the UK Listing Authority and the
London Stock Exchange for the Shares once issued to be admitted to
the Official List and to trading on the Main Market ("Admission").
It is expected that Admission will become effective on 21 March
2013.
Following this issue of Shares, the Company's issued share
capital consists of 236,500,000 Shares. Accordingly, the total
number of voting rights in the Company will be 236,500,000 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 their interest in, or a change to their interest in, the
Company under the Disclosure and Transparency Rules.
In order to seek to manage any Share price premium over the net
asset value per Share, if the Directors believe there is investor
demand that cannot be satisfied through the secondary market, the
Company will continue to issue additional Shares within the limits
imposed by the Prospectus Rules.
Contact:
Ravi Anand / Robert Peel
Dexion Capital plc
T: +44 20 7832 0900
Gary Gould / Stuart Klein
Jefferies International Limited
T: +44 20 7029 8000
Ipes (Guernsey) Limited
John Ellman-Brown
T: +44 1481 713843
Notes:
Starwood European Real Estate Finance is an investment company
listed on the main market of the London Stock Exchange with an
investment objective to provide Shareholders with regular dividends
and an attractive total return while limiting downside risk,
through the origination, execution, acquisition and servicing of a
diversified portfolio of real estate debt investments in the UK and
Continental European markets. www.starwoodeuropeanfinance.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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