Real Estate Credit Investments Ltd Notification of Major Interest in Shares (2287K)
July 05 2017 - 10:06AM
UK Regulatory
TIDMRECI TIDMRECP TIDMTTM
RNS Number : 2287K
Real Estate Credit Investments Ltd
05 July 2017
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
-----------------------------------------------------------------------------------------------
1. Identity of the issuer or REAL ESTATE CREDIT INVESTMENTS
the underlying issuer
of existing shares to which
voting rights are
attached:
----------------------------------------------------------- ----------------------------------
2 Reason for the notification (please tick the appropriate
box or boxes):
-----------------------------------------------------------------------------------------------
An acquisition or disposal of voting rights x
------------------------------------------------------------ ---------------------------------
An acquisition or disposal of qualifying financial
instruments which may result in the acquisition
of shares already issued to which voting rights
are attached
------------------------------------------------------------ ---------------------------------
An acquisition or disposal of instruments with
similar economic effect to qualifying financial
instruments
------------------------------------------------------------ ---------------------------------
An event changing the breakdown of voting rights
------------------------------------------------------------ ---------------------------------
Other (please
specify):
---------------------------------------------------------- ---------------------------------
3. Full name of person(s) Close Asset Management Limited
subject to the
notification obligation:
----------------------------------------------------------- ----------------------------------
4. Full name of shareholder(s)
(if different from 3.):
----------------------------------------------------------- ----------------------------------
5. Date of the transaction 04/07/2017
and date on
which the threshold is
crossed or
reached:
----------------------------------------------------------- ----------------------------------
6. Date on which issuer 05/07/2017
notified:
----------------------------------------------------------- ----------------------------------
7. Threshold(s) that is/are
crossed or
reached: 5%
----------------------------------------------------------- ----------------------------------
8. Notified details:
----------------------------------------------------------------------------------------------------------------------
A: Voting rights attached to shares
----------------------------------------------------------------------------------------------------------------------
Class/type Situation previous Resulting situation after the
of to the triggering triggering transaction
shares transaction
if possible
using
the ISIN
CODE
------------- -------------------------------- ---------------------------------------------------------------------
Number Number Number Number of % of voting
of of of shares voting rights
Shares Voting rights
Rights
------------- --------------- --------------- -------------- -------------------------- -------------------------
Direct Direct Indirect Direct Indirect
------------- ----------- ----------- -------------- ------------ ------------ ------------ -----------
ORD NPV
-
GB00B0HW5366 0 0 5,250,000 5,250,000 5.94%
------------- --------------- --------------- -------------- ------------ ------------ ------------ -----------
B: Qualifying Financial Instruments
----------------------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
----------------------------------------------------------------------------------------------------------------------
Type of Expiration Exercise/ Number of voting % of voting
financial date Conversion rights that rights
instrument Period may be
acquired if
the
instrument
is
exercised/
converted.
----------------- ------------- ------------------------------- ---------------------------- ---------------------
C: Financial Instruments with similar economic effect
to Qualifying Financial Instruments
----------------------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
----------------------------------------------------------------------------------------------------------------------
Type of Exercise Expiration Exercise/ Number of voting % of voting
financial price date Conversion rights instrument rights
instrument period refers to
--------------- ------------- ------------- ---------------- ---------------------------- -----------------------
Nominal Delta
--------------- ------------- ------------- ---------------- ---------------------------- ------------ ---------
Total (A+B+C)
----------------------------------------------------------------------------------------------------------------------
Number of voting rights Percentage of voting rights
------------------------------------------------- -------------------------------------------------------------------
5,250,000 5.94%
------------------------------------------------- -------------------------------------------------------------------
9. Chain of controlled undertakings through which the
voting rights and/or the
financial instruments are effectively held, if applicable:
--------------------------------------------------------------------------------------------------
Close Asset Management Limited
Proxy Voting:
--------------------------------------------------------------------------------------------------
10. Name of the proxy holder:
------------------------------------------------------------- -----------------------------------
11. Number of voting rights proxy
holder will cease
to hold:
------------------------------------------------------------- -----------------------------------
12. Date on which proxy holder will
cease to hold
voting rights:
------------------------------------------------------------- -----------------------------------
On 4(th) July 2017, Close
13. Additional information: Brothers Asset Management
bought 5,250,000shares in
Real Estate Credit Investments
ORD NPV. This brought our
shareholding to 5,250,000
and 5.94% of the shares in
issue.
This is based on the shares
in issue figure of 88365110
as at 4(th) July 2017.
This is the required notification
that the holding has crossed
5% of the shares in issue.
------------------------------------------------------------- -----------------------------------
14. Contact name: John Ravenscroft
------------------------------------------------------------- -----------------------------------
15. Contact telephone number: 020 7426 4162
------------------------------------------------------------- -----------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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