SWEF: Notice of EGM (802273)

Dow Jones received a payment from EQS/DGAP to publish this press release.
 
 
 Starwood European Real Estate Finance Ltd (SWEF) 
SWEF: Notice of EGM 
 
23-Apr-2019 / 11:06 GMT/BST 
Dissemination of a Regulatory Announcement, transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
23 April 2019 
 
       Starwood European Real Estate Finance Limited (the "Company") 
 
      Publication of circular and posting of EGM Notice and Proxy Form 
 
  Starwood European Real Estate Finance Limited announces it has published a 
           circular in connection with an Extraordinary General Meeting (the 
"Circular") which will be held on 15 May 2019 at 9:45 a.m. (or, if later, as 
   soon as reasonably practicable following the conclusion or adjournment of 
the Annual General Meeting ("AGM") of the Company convened for the same date 
  and place) at the registered office of the Company at 1 Royal Plaza, Royal 
                                    Avenue, St Peter Port, Guernsey GY1 2HL. 
 
     The purpose of the Circular is to seek shareholder approval for certain 
    share allotment and dis-application authorities to enable the Company to 
  raise further funding through one or more tap issues (Additional Tap Issue 
 Authority), which, if obtained, will supplement the authorities proposed at 
                                  the Annual General Meeting on 15 May 2019. 
 
  At the AGM to be held on 15 May 2019, the Company is seeking allotment and 
  dis-application authorities to enable the Company to carry out one or more 
  issues of Shares, in aggregate, up to 10 per cent. of the number of Shares 
                                                        in issue at the AGM. 
 
 Since the implementation of the Prospectus Regulation in the United Kingdom 
          in July 2017, issuers such as the Company can issue up to (but not 
  including) 20 per cent. of the securities already admitted to trading over 
   12 months by way of issues of shares without any requirement to publish a 
                                                                 prospectus. 
 
Accordingly, the Company intends to supplement the 10 per cent allotment and 
  dis-application authorities to be taken at the AGM with the Additional Tap 
               Issue Authority, comprising a further allotment authority and 
   dis-application authority over an additional 10 per cent. of issued Share 
capital to be sought at the Extraordinary General Meeting. The background to 
        and reasons for the Additional Tap Issue Authority is set out in the 
                                                                   Circular. 
 
             Any Shares issued under the Additional Tap Issue Authority on a 
non-pre-emptive basis will be issued at a premium to the then prevailing Net 
       Asset Value per Share which will be sufficient to cover the costs and 
                                             expenses of the relevant issue. 
 
In connection with this meeting, copies of the following documents have been 
  posted to shareholders and will provide additional details of the benefits 
                                                 and risks of the proposals: 
 
? A Circular including the Notice of the Extraordinary General Meeting; 
and 
 
? Proxy Form for the Extraordinary General Meeting. 
 
The Notice of the Extraordinary General Meeting is available to view on, and 
  download from, the Company's website at http://starwoodeuropeanfinance.com 
[1]. The Notice of the Extraordinary General Meeting has also been submitted 
         to the National Storage Mechanism and will shortly be available for 
                              inspection at www.morningstar.co.uk/uk/NSM [2] 
 
                                                   LEI: 5493004YMVUQ9Z7JGZ50 
 
                                    For further information, please contact: 
 
                                                            Starwood Capital 
 
                                                           Duncan MacPherson 
 
                                                         T: +44 20 7016 3655 
 
                         Apex Fund and Corporate Services (Guernsey) Limited 
 
                                                                 Dave Taylor 
 
                                                          T: +44 1481 735879 
 
                                              Stifel Nicolaus Europe Limited 
 
                                                             Mark Bloomfield 
 
                                                                Neil Winward 
 
                                                               Gaudi Le Roux 
 
                                                         T: +44 20 7710 7600 
 
                                                                      Notes: 
 
      Starwood European Real Estate Finance Limited 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 the wider European Union's internal 
                                market. www.starwoodeuropeanfinance.com [3]. 
 
    The Group is the largest London-listed vehicle to provide investors with 
                                  pure play exposure to real estate lending. 
 
The Group's assets are managed by Starwood European Finance Partners 
Limited, an indirect wholly-owned subsidiary of the Starwood Capital Group. 
 
ISIN:          GG00B79WC100 
Category Code: NOG 
TIDM:          SWEF 
LEI Code:      5493004YMVUQ9Z7JGZ50 
Sequence No.:  8297 
EQS News ID:   802273 
 
End of Announcement EQS News Service 
 
 
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=4541d4f47c5aa87d16cec4e61ea9cb78&application_id=802273&site_id=vwd_london&application_name=news 
2: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=c43799754192ba251905a6a4a8236277&application_id=802273&site_id=vwd_london&application_name=news 
3: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=b23db157198a0a902bf512045ba62186&application_id=802273&site_id=vwd_london&application_name=news
(END) Dow Jones Newswires
April 23, 2019 06:07 ET (10:07 GMT)
Starwood European Real E... (LSE:SWEF)
Graphique Historique de l'Action
De Juin 2024 à Juil 2024