Back to announcements list
Share capital update and Directors' holdings
RNS Number : 4227J
Home REIT PLC
21 December 2020
 

21 December 2020

 

LEI: 213800A53AOVH3FCGG44

 

Home REIT plc

 

("Home REIT" or the "Company")               

 

Share capital update and Directors' holdings in Company

 

Cancellation of share premium account

 

As stated in the Company's prospectus dated 22 September 2020 (the "Prospectus"), in order to increase the distributable reserves available to facilitate the payment of future dividends, the Company had resolved that, conditional upon 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 Issue be cancelled and transferred to a special distributable reserve. 

 

Home REIT 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 18 December 2020, the reduction has now become effective. Accordingly, the amount of £233,353,351.05 previously held in the share premium account has been cancelled and shall be credited to a special distributable reserve. The Company may, at the discretion of the Board, pay all or any part of any future dividends out of this special distributable reserve, taking into account the Company's investment objective.

 

Directors' shareholdings

As detailed in the Prospectus, the Directors subscribed for the below Ordinary Shares at 100p per share during the Company's initial public offering and have therefore held (and continue to hold) beneficial interests in these shares since Admission.

Director

Number of Ordinary Shares held

% of Ordinary Shares in issue




Lynne Fennah

50,000

0.021

Peter Cardwell

10,000

0.004

Simon Moore

36,000

0.015

Marlene Wood

20,000

0.008

 

Capitalised terms used but not defined shall have the meanings given to them in the Prospectus.

 

For further information, please contact:

 

Anthony Lee

Apex Fund and Corporate Services (UK) Limited

Company Secretary to Home REIT plc

Tel: +44 7435 829323

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
MSCGZMZZVMGGGZM