TIDMWHR
RNS Number : 0562S
Warehouse REIT PLC
06 July 2020
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EC NO. 596/2014)
("MAR")
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, IN WHOLE OR IN
PART DIRECTLY OR INDIRECTLY, BY ANY MEANS OR MEDIA TO US PERSONS OR
IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, THE
REPUBLIC OF SOUTH AFRICA, JAPAN OR ANY OTHER JURISDICTION IN WHICH
THE PUBLICATION, DISTRIBUTION OR RELEASE OF THIS ANNOUNCEMENT WOULD
BE UNLAWFUL.
This announcement does not constitute, and may not be construed
as, an offer to sell or an invitation or recommendation to
purchase, sell or subscribe for any securities or investments of
any description, or a recommendation regarding the issue or the
provision of investment advice by any party.
Terms not otherwise defined in this announcement have the
meanings that are given to them in the Prospectus published by
Warehouse REIT plc on 18 June 2020.
Warehouse REIT plc
(the "Company" or "Warehouse REIT")
Results of Firm Placing, Placing, Open Offer and Offer for
Subscription
(including the Intermediaries Offer)
On 18 June 2020, Warehouse REIT announced a proposed Firm
Placing, Placing, Open Offer, Offer for Subscription and
Intermediaries Offer at 110 pence per share (the "Issue").
Warehouse REIT is now pleased to announce that it has received
valid applications and commitments for the Issue such that the
Company will issue 139,090,908 New Ordinary Shares at 110 pence per
share, raising approximately GBP153 million.
Neil Kirton, Chairman of Warehouse REIT, commented:
"The result of this equity raise, ahead of our original GBP100
million March target, is a strong endorsement of our strategy. We
are extremely grateful to both the new UK and global investors and
existing shareholders who share our vision for the REIT, support
which was clearly reflected in the upsized Firm Placing. Demand for
warehouse space in strong locations across the UK shows little sign
of slowing down, and our focus now is to execute on our near-term
pipeline of accretive acquisitions with firepower well in excess of
GBP200 million, leveraging management's deep sector expertise."
The Issue remains conditional on the Placing and Open Offer
Agreement becoming unconditional in all respects and Admission.
Application has been made for the admission of 139,090,908 New
Ordinary Shares to be admitted to trading on AIM. It is expected
that Admission and commencement of dealings in the New Ordinary
Shares will become effective at 8.00 a.m. on 8 July 2020.
Of the 139,090,908 New Ordinary Shares to be issued, 90,909,090
will be issued under the Firm Placing, 27,468,941 under the
Placing, 13,731,745 under the Open Offer (including Excess
Applications), and 6,981,132 under the Offer for Subscription
(including the Intermediaries Offer). All valid applications under
the Open Offer (including excess applications) will be met in
full.
The New Ordinary Shares, when issued and fully paid, will rank
in full for all dividends or distributions made, paid or declared,
if any, by reference to a record date after the date of their issue
or otherwise pari passu in all respects with the Existing Ordinary
Shares.
Following Admission, the total issued share capital of Warehouse
REIT will be 379,344,951 Ordinary Shares of 1 pence each. 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 in their interest in, the
share capital of the Company under the FCA's Disclosure Guidance
and Transparency Rules.
Enquiries:
Warehouse REIT plc (via FTI Consulting)
+44 (0) 1244 470
Tilstone Partners Limited 090
Andrew Bird, Peter Greenslade, Paul Makin
Peel Hunt (Nominated Adviser, Broker and +44 (0) 20 7418
Joint Bookrunner) 8900
Corporate: Capel Irwin, Carl Gough, Harry
Nicholas
ECM: Al Rae, Sohail Akbar
+44 (0) 20 7653
RBC Capital Markets (Joint Bookrunner) 4000
Darrell Uden, Charlie Foster, Marcus Jackson,
Elliot Thomas
FTI Consulting (Financial PR & IR Adviser +44 (0) 20 3727
to the Company) 1000
Dido Laurimore, Ellie Sweeney, Richard Gotla
G10 Capital Limited (part of the IQEQ Group), +44 (0) 20 3696
AIFM 1302
Maria Glew, Gerhard Grueter
Important notice
Disclaimer
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (Regulation 596/2014). Upon the
publication of this announcement via a Regulatory Information
Service ("RIS") this inside information is now considered to be in
the public domain.
This announcement (the "Announcement") has been issued by and is
the sole responsibility of the Company.
This Announcement is not for publication or distribution,
directly or indirectly, in or into the United States (including its
territories and possessions, any state of the United States and the
District of Columbia, collectively, the "United States"),
Australia, Canada, Israel, Japan, New Zealand, the Republic of
South Africa, or any other jurisdiction where to do so might
constitute a violation or breach of any applicable law. The Issue
and the distribution of this Announcement and other information
contained herein may be restricted by law in certain jurisdictions
and persons into whose possession any document or other information
referred to herein comes should inform themselves about and observe
any such restriction. Any failure to comply with the restrictions
may constitute a violation of the securities laws of any such
jurisdiction.
This Announcement is for information purposes only and does not
constitute or form part of, and should not be construed as, an
offer for sale or subscription of, or solicitation of any offer to
subscribe for or to acquire, any ordinary shares of GBP0.01 each in
the capital of the Company ("Ordinary Shares") in any jurisdiction,
including in or into the United States, Australia, Canada, Israel,
Japan, New Zealand or the Republic of South Africa, where to do so
would be unlawful. Investors should not subscribe for or purchase
any Ordinary Shares except on the basis of information publicly
announced by the Company to a RIS by or on behalf of the Company on
or prior to the date of this Announcement.
G10 is authorised and regulated by the Financial Conduct
Authority. TPL is an appointed representative of G10 which is
authorised and regulated by the FCA. Each of G10 and Peel Hunt,
which is authorised and regulated in the United Kingdom by the UK
Financial Conduct Authority, and RBC Europe Limited, which is
authorised by the UK Prudential Regulation Authority (the"PRA") and
regulated in the United Kingdom by the PRA and UK Financial Conduct
Authority, are acting exclusively for the Company and no one else
in connection with the Issue and Admission. Neither G10, Peel Hunt
nor RBC will regard any other person as their respective clients in
relation to the subject matter of this Announcement and will not be
responsible to anyone other than the Company for providing the
protections afforded to their respective clients, nor for providing
advice in relation to the Issue, Admission, the contents of this
Announcement or any transaction, arrangement or other matter
referred to herein.
Save as set out above, none of the Company, G10, Peel Hunt, RBC
or any of their operating partners, co-investors and joint venture
partners, or any of their respective parent or subsidiary
undertakings, or the subsidiary undertakings of any such parent
undertakings, or any of such person's respective directors,
officers, employees, agents, affiliates or advisers or any other
person ("their respective affiliates") accepts any responsibility
or liability whatsoever for/or makes any representation or
warranty, express or implied, as to this Announcement, including
the truth, accuracy or completeness of the information in this
Announcement (or whether any information has been omitted from this
Announcement) or any other information relating to the Company,
their respective subsidiaries or associated companies, whether
written, oral or in a visual or electronic form, and howsoever
transmitted or made available or for any loss howsoever arising
from any use of the announcement or its contents or otherwise
arising in connection therewith. The Company, G10, Peel Hunt, RBC
and their respective affiliates accordingly disclaim all and any
liability whatsoever whether arising in tort, contract or otherwise
which they might otherwise have in respect of this Announcement or
its contents or otherwise arising in connection therewith. No
representation or warranty, express or implied, is made by Peel
Hunt and/or RBC or any of their respective affiliates as to the
accuracy, fairness, completeness or sufficiency of the information
contained in this Announcement.
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 rns@lseg.com or visit www.rns.com.
END
ROIRAMPTMTAMBTM
(END) Dow Jones Newswires
July 06, 2020 02:00 ET (06:00 GMT)
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