16 September 2014
Intention to issue equity
Custodian REIT is delighted to announce an intention to issue equity following its initial placing and admission to the Main Market of the London Stock Exchange (“IPO”) on 26 March 2014. In light of the level of cash deployed since IPO and pipeline of current investment opportunities, it is considering a further share issue under the Placing Programme established in the Company’s February 2014 prospectus.
Commenting on the announcement, Richard Shepherd-Cross, Managing Director of Custodian Capital Limited (Custodian REIT’s external fund manager), said:
“Any new funds raised from the equity issue will allow Custodian REIT to take advantage of a pipeline of opportunities to grow its diverse property portfolio. As always, we are focused on delivering an attractive level of income together with the potential for capital growth from a balanced portfolio of real estate assets”.
“The intention to issue equity marks the next phase of development for the business. It is clear that the market has real confidence in the CREIT proposition and underlying property strategy and we are expecting strong demand from new investors”.
The investment rationale for shares in Custodian REIT Plc is as follows:
• Income return derived directly from property rents
Qualified Investors (as defined in section 86(7) of the Financial Services and Markets Act 2000 (as amended)) interested in participating are invited to contact Numis Securities Limited on +44 (0)20 7260 1000.
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